TechFlow news, on July 28, Ryan Lee, Chief Analyst at Bitget Research Institute, stated that Ethereum has recently surged nearly 60%, breaking above $3,800, primarily driven by institutional capital inflows and increased on-chain activity, showing clear signs of structural strength. Notably, the ETH/BTC ratio has broken above its 200-day moving average for the first time in a year, signaling that Ethereum is entering a relatively strong cycle.
Last week, the net inflow into Ethereum-related spot and derivative products reached $2.4 billion, with on-chain whale addresses continuously accumulating. Meanwhile, market expectations for the Ethereum ecosystem, especially core applications such as DeFi, continue to rise, driving a structural shift of capital toward ETH. In comparison, although Bitcoin remains stable above $119,000 with solid technical indicators and continued institutional support, Bitcoin ETFs have seen slight outflows, indicating noticeably weaker momentum than ETH, as capital rotates into major altcoin sectors.
If the current trend persists, ETH could challenge the $5,500–6,500 range by Q4 2025, and if institutional demand continues, it may reach $10,000; BTC, meanwhile, could rise to the $140,000–160,000 range by year-end.
