Positivity in the crypto markets remains strong despite the most recent turmoil on the charts. This is especially true for ETH\u2019s community, as the altcoin has seen more than 35% added to its price over the past 30 days.<\/p>\n
But who are the biggest players making the Ethereum trade and driving ETH prices ever higher?<\/p>\n
In chemical science, ether is a humor, and the better part of good humor is excellent timing.<\/p>\n
Over most 30-day periods in the past 12 months, crypto investors would have been better off holding Bitcoin if their goal was to achieve a higher 30-day ROI from their investment.<\/p>\n
The trailing 12-month return on investment for BTC is +75% compared to ETH\u2019s +19% over the same period. Some Ethereum holders have been wondering what\u2019s up with its market action compared to Bitcoin\u2019s.<\/p>\n
In large part, the Ethereum base layer,\u00a0by design, sacrificed capital inflows over the past 12 months to low-fee Layer 2 Ethereum networks and capital inflows to their currencies.<\/span><\/p>\n These include, among some of the largest by total market cap, Mantle (MNT), POL (POL), Arbitrum (ARB), Optimism (OP), and Starknet (STRK).<\/p>\n It\u2019s like trying to inflate a balloon, but there\u2019s a vent with extra air going into a bunch of other balloons first before you get enough air pressure to keep inflating the main balloon.<\/p>\n To top that off, Ethereum is a very big balloon, clocking August 2nd at $468 billion in market capitalization on a fascinating multi-year trend line since 2015 for long-term saver investors.<\/p>\n That said, here are four bullish portents that the sign of ETH is rising in the air:<\/p>\n A month into Q3, the pressure from inflows to the Ether economy has finally built up to the point of pushing its price back up and really moving the needle.<\/p>\n Ethereum\u2019s phenomenal July price gains show demand has grown broad and deep enough to overcome the massive planned leakage of inflows to Ethereum Layer 2s.<\/p>\n That\u2019s got the bulls posting wild price predictions, like BitMEX founder Arthur Hayes, who said, \u201cEther = $10,000\u201d on Jul. 22. He also made these comments in a post on his Medium blog:<\/p>\n \u201cEver since Solana rose from the FTX ashes from $7 to $280, Ether has been the most hated large-cap crypto. No more; the Western institutional investor class, whose chief cheerleader is Tom Lee, loves Ether. Buy first, ask questions later.\u201d<\/p>\n Iconic Wall Street mascot Gordon Gekko once said, \u201cGreed is good.\u201d<\/p>\n A massive cohort on Wall Street is already aware of blockchain\u2019s usefulness and has become addicted to Bitcoin and Ether returns in 2025. They\u2019ve been backing up the entire boat and loading up on Ether tokens through ETFs, custody services, and on-chain developments.<\/p>\n Capital inflows to buy Ethereum ETFs shattered a record in July as feverish demand on Wall Street picked up pace. Ether ETFs\u00a0attracted<\/a> $2.12 billion in a week in mid-July and continued to ramp<\/span>\u00a0up huge sums in the weeks that followed, despite the relative market slowdown.<\/p>\n Matt Hougan, CIO of Bitwise Investments, wrote on\u00a0July 22 a note\u00a0outlining the<\/a> \u201cEthereum Demand Shock,\u201d which is pumping ETH prices up with all this ROI-hungry<\/span>\u00a0capital from Wall Street ETF buyers and a bevy of new Ether corporate treasury companies with publicly traded shares on the US stock market.<\/p>\n This online sports betting company, based in Minneapolis and traded on Nasdaq, has a business model ripe for disruption by blockchain solutions to create fairness and security for online players.<\/p>\n Following up on Strategy, Inc.\u2019s BTC treasury campaign, SharpLink had acquired<\/a> 188,478 ETH by June 25. That would be worth nearly three-quarters of a billion dollars a month later.<\/p>\n After that, over five days in mid-July, SharpLink took another whale-sized corporate bite out of the Ethereum supply. The online sports betting specialists locked in<\/a> 60,582 ETH worth some $180 million.<\/p>\n Meanwhile, Wall Street rewarded the company for the move, jolting its stock by 17% in under 24 hours.<\/p>\n By Jul. 16, SharpLink Gaming had locked in<\/a> 280,000 ETH, worth around $900 million, throwing a supply pinch, rallying Ether bulls, and drastically changing the calculus for Ether price valuations. Its holdings continue to increase<\/a> almost daily and stand at over 480,000 ETH as of August 3.<\/p>\n The company says it\u2019s staking all of that and generating hundreds of thousands of dollars weekly in yields by holding its Ether staked.<\/p>\n In addition to SharpLink Gaming, there\u2019s Las Vegas-based Bitmine Immersion Technologies, a US blockchain firm that recently pivoted to buying, holding, and staking ETH.<\/p>\n They brought in Tom Lee, the FundStrat executive who used to appear on CNBC during the pandemic and say that Bitcoin would eventually reach $1 million. At the same time, the other commentators smiled and nodded.<\/p>\n To start off July, Bitmine launched a $250 million corporate Ether treasury, and\u00a0its stock soared<\/a> 3,000% in almost no time, rising from<\/span>\u00a0the penny bin to above $135 a share.<\/p>\n The post Here Are 4 Bullish Signals: ETH Momentum Is Building<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" Positivity in the crypto markets remains strong despite the most recent turmoil on the charts. This is especially true for ETH\u2019s community, as the altcoin has seen more than 35% added to its price over the past 30 days. But who are the biggest players making the Ethereum trade and driving ETH prices ever higher? […]<\/p>\n","protected":false},"author":0,"featured_media":85939,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-85938","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/85938"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=85938"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/85938\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/85939"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=85938"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=85938"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=85938"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}1. Ethereum Roars Back In Multi-Billion Dollar Wall Street Frenzy<\/h3>\n
2. Ethereum ETFs Blowout Record Inflows<\/h2>\n
3. SharpLink Gaming Stakes Hundreds of Millions in ETH<\/h2>\n
4. Bitmine\u2019s $250 Million and Growing Ether Fund<\/h2>\n