Ethereum News Today: Ethereum Surges 25.5% This Week, Market Share Hits 11.6%

Ethereum (ETH) has surged past $3,700 per coin, marking a significant milestone in its price trajectory. This surge has led to an expansion of Ethereum's share in the $3.9 trillion crypto economy, increasing from 10.9% to 11.6% within just three days. The market capitalization of Ethereum now stands at $452.66 billion, reflecting its growing dominance in the cryptocurrency market.

As of July 20, Ethereum is valued at $3,745 per coin, representing a 25.5% increase for the week. This surge has also seen Ethereum's value relative to Bitcoin (BTC) rise from 0.029 BTC to 0.03173 BTC. Social media platforms are abuzz with optimism, with many Ethereum enthusiasts predicting further gains. Comments on platforms like X highlight the belief that Ethereum is poised for significant growth, with some users noting the decreasing dominance of Bitcoin and the strengthening of altcoins.

The increased interest in Ethereum can be attributed to several factors, including public companies embracing ETH for their treasury plans and the significant capital inflows from spot ETH exchange-traded funds (ETFs). These developments have contributed to a surge in Ethereum's market share, which now stands at 11.6% of the total $3.9 trillion crypto market, while Bitcoin's share has decreased to 60.2%.

Ethereum futures open interest (OI) has surpassed the $55 billion mark, setting a new all-time high. This surge in open interest, coupled with the rising price of Ethereum, indicates a growing interest among traders. The synchronized increase in price and open interest, particularly since mid-April, suggests a bullish sentiment in the market. Major exchanges like Binance and CME are leading the futures frenzy, with Binance holding the largest share of open interest at 2.64 million ETH, valued at $9.88 billion. CME follows closely with $7 billion in open interest, while Gate has accumulated $7.15 billion, the second-largest ETH position by dollar value.

The Ethereum options market is also experiencing significant activity, with a strong bullish sentiment. On Deribit, the most popular contracts include the September 26, 2025, $4,000 call option, which has nearly 100,000 ETH in open interest. Traders are also showing interest in the December 2025 $6,000 strike and even the $12,000 calls, which saw the most volume in the past 24 hours. This indicates a high level of optimism and a willingness to bet on significant price increases. Calls are dominating puts, with open interest skewed 66.43% to 33.57%, and 62.49% of the 24-hour volume coming from calls. This tilt towards upside contracts suggests that traders are positioning for explosive moves rather than hedging against potential downturns.

In summary, traders are heavily investing in spot ETH, futures, and options, with both the spot price and open interest on the rise. The market is closely watching Ethereum's next moves, anticipating further gains and potential breakthroughs. The bullish sentiment is evident across various trading platforms, with significant capital inflows and growing interest from both retail and institutional investors.