Ethereum News Today: Ethereum Surges Over 50% on FOMO-Driven Rally as Spot Volumes Overtake Bitcoin for First Time in Year

Ethereum’s price has surged over 50% in the past month, briefly hitting $3,850 before retreating to $3,630 [1]. This rally has been driven by a sharp spike in FOMO (fear of missing out) trading volume, with Ethereum’s price ratio against Bitcoin dropping 5.8% in 60 hours [1]. The pattern mirrors a prior surge in early May, which historically signaled a short-term peak. Santiment analysts suggest that sustained declines in trading and social volumes this week could confirm the start of a second bullish wave, fueled by retail investor impatience and profit-taking [1].

Ethereum’s spot trading volumes have exceeded Bitcoin’s for the first time in over a year, reflecting a broader shift in investor focus. Last week, ETH’s spot trading hit $25.7 billion, surpassing Bitcoin’s $24.4 billion [1]. On July 17, altcoin spot volumes reached $67 billion—the highest since March—indicating a market-wide reallocation of capital [1]. This trend aligns with growing institutional demand for Ethereum.

Institutional adoption remains a key driver. Over the past year, nine Ethereum ETFs from firms like BlackRock and Fidelity have attracted $8.65 billion in net inflows, supported by an unbroken 14-day inflow streak [1]. Beyond ETFs, public companies have added Ethereum to their treasuries as a diversification strategy. SharpLink Gaming holds 360,807 ETH, BitMine Immersion has 300,657 ETH, and Coinbase maintains 137,300 ETH, according to CoinGecko data [1]. Other firms, including Bit Digital and GameSquare Holdings, also hold significant ETH balances [1].

The convergence of retail FOMO, institutional inflows, and a shift in capital allocation suggests Ethereum remains a focal point for market optimism. However, the recent 5.8% ETH/BTC correction highlights the volatility inherent in speculative trading. Analysts caution that while the technical indicators point to potential upside, sustainability will depend on maintaining institutional confidence and retail participation [1].

Source: [1] [FOMO Frenzy Hits ETH: Is Another Ethereum Rally Brewing as Traders Panic?] [https://coinmarketcap.com/community/articles/6882556684d34a1323c775f8/]