Ethereum in Beast Mode! Is the Next Historic Pump Coming? 🚀

The ETH rocket is blasting off with massive gains, leaving Bitcoin in the dust. Get ready for altcoin season!

Ethereum (ETH), the second-largest crypto by market cap and the backbone of smart contracts, is the talk of the town. After a wild climb, ETH is in a consolidation phase, pulling back a bit to $3,650 at the time of this report after bumping up against $3,680 resistance. But don't get it twisted; this little breather comes after some insane gains that have solidified its spot as the comeback kid.

Discover why Ethereum (ETH) is soaring with 104.35% gains and breaking records. ETFs are boosting its value to $17 billion. The crypto market is changing!

Tariff Talk and the Dominance Shift

Over the past three months, Ethereum has put on an astonishing show, racking up an impressive 104.35% gain. This rally's happening as the U.S. and other countries are in tariff negotiations, a vibe that seems to be juicing up digital assets. While Bitcoin (BTC) had its own crazy run to new all-time highs before stalling out, ETH is snatching up more of the crypto market share.

Seriously, Bitcoin's dominance has dipped from 66% to 60% in just the last few weeks, a clear sign that altcoins are gaining muscle. Ethereum has totally capitalized on this, boosting its dominance from a low of 7.1% back in April to a solid 11.5% now. This changing of the guard hints at a potential shift in the crypto landscape, where altcoins could totally steal the spotlight.

ETF Cash Flow: Fueling the Fire Like Never Before

One of the huge reasons behind Ethereum's impressive performance is the flood of cash pouring in from Exchange-Traded Funds (ETFs). Since July 2nd, the net capital flowing into ETH has been consistently positive. The Assets Under Management (AUM) for these ETFs have already hit an all-time high of $17 billion, which just screams growing confidence from big institutional investors in Ethereum's potential.

Technical Breakdown: The Bull's Still Running for ETH

From a technical angle, Ethereum is in a market with a clear bullish vibe. The crypto's trading above both the 50-period (50EMA) and 200-period (200EMA) Exponential Moving Averages, which is a thumbs-up for traders. The recent upward push has also seen a big jump in trading volume, a strong sign that buyers are in control. Even though it's currently in a consolidation phase with a minor correction after the rally, the technicals strongly suggest that the upward trend is still on.

Disclaimer: This news article is just for informational purposes and shouldn't be taken as investment advice. Investing in cryptocurrencies comes with big risks, including potentially losing all your money. We highly recommend doing your own thorough research and talking to a qualified financial pro before making any investment decisions.