Ethereum News Today: Ethereum's ETH Surges 72% Against Bitcoin Amid Enterprise Adoption

Paul Brody, the global blockchain lead at Ernst & Young, recently expressed his bullish outlook on Ethereum, stating that he expects Ether to become a larger asset than Bitcoin. This sentiment is echoed by a growing consensus among market pundits who anticipate that Ethereum could surpass Bitcoin in market value.

Brody's optimism is rooted in several factors, including the increasing adoption of Ethereum by enterprises and banks, which is expected to drive network activity and demand for ETH. He cited the tokenization trend, exemplified by Robinhood's announcement of its Layer 2 solution on Ethereum, as a key driver for ETH's growth. According to Brody, the power of all transactions within the Ethereum ecosystem will drive tremendous demand for ETH, making it a larger asset than Bitcoin.

This outlook is already being realized, with over $6 billion in ETH held by firms. SharpLink Gaming, led by Consensys and Ethereum co-founder Joseph Lubin, and BitMine, spearheaded by Tom Lee, have both crossed significant milestones in ETH treasury holdings. BitMine, in particular, has 300.7K ETH and plans to buy 5% of the overall ETH supply to ramp up staking rewards and capture the expected stablecoin and tokenization booms.

The ETH/BTC ratio, which tracks ETH’s relative price performance to BTC, has shown a significant recovery, rising 72% from a 5-year low. This indicates that ETH investors have made over 70% more than BTC holders between May and July. The short-term market interest has been heavier on ETH than BTC, with ETH’s perpetual volume nearly double that of BTC in the past 24 hours.

Looking ahead, option traders expect a sharp move above $4K by July 25, with the odds of ETH surging above $4K by the end of July up 14%. For a $5K price target by the end of 2025, the chance is up 27%. Sean Dawson, head of research at crypto derivative platform Derive, noted that with macro tailwinds, falling rates, and ETF momentum aligning, the back half of 2025 is setting up to be Ethereum’s strongest in years.

Despite the bullish outlook, some traders are hedging for potential retracement in the short term. The ETH 25D put-call skew (30-day) is slightly positive, suggesting that some investors are seeking downside protection on ETH.