Ethereum Surges 28%: A New Rally In Motion?

1. Ethereum Leads Crypto Market Recovery

Over the past 30 days, Ethereum (ETH) has surged more than 28%, reaching a price of $3,348.95. This marks the highest level in recent months and raises expectations of a new bullish cycle in the crypto market.

2. ETH Price Movement: Positive Technical Trend

ETH experiences a strong recovery wave (Source: CoinGecko)

The chart shows ETH rebounding from a low around $2,200 at the end of June and maintaining a steady climb into mid-July. This reflects strong momentum from both technical and fundamental perspectives.

3. Key Drivers Behind The Surge

Several factors have contributed to Ethereum’s price increase:

 - Optimism around the potential approval of a spot Ethereum ETF in the US

 - Growth in DeFi and Layer 2 activity (e.g., zkEVM, rollups)

 - New tokens like WLFI choosing Ethereum as their launch platform

 - Capital rotation from Bitcoin to altcoins

4. Ethereum Remains The Backbone Of Web3

Ethereum still dominates the blockchain landscape with over 50% of total DeFi value locked. The fact that even politically connected projects like WLFI are building on Ethereum reflects strong trust in its scalability, decentralization, and developer support.

5. Is Now A Good Time To Invest In ETH?

For long-term investors, Ethereum remains a blue-chip crypto asset with strong fundamentals. Short-term traders should be cautious of potential pullbacks after such a sharp rally and plan entries accordingly.

6. Conclusion

Ethereum’s recent rally is not only a technical breakout but a sign of renewed confidence in Web3 infrastructure. If current momentum holds, ETH could be on track to set new highs this year.