T4K3.news

Ethereum rallies 20% as institutional support grows

Ethereum's value rises sharply due to increased investments and favorable U.S. legislation.

July 18, 2025 at 07:01 PM

Wall Street backs Ethereum as ETH stablecoin dominance hits 54%

Ethereum experiences a significant rally as institutional investments rise and Bitcoin dominance declines.

Ethereum surges as Wall Street shows strong support for stablecoin

Ethereum is seeing a resurgence with a 20% price increase, thanks to U.S. legislative support and a growing demand for decentralized finance (DeFi). Over 54% of stablecoins are now issued on the Ethereum network, showing its expanding role as a digital reserve asset. This increase comes amid a decline in Bitcoin's market dominance, suggesting a potential shift towards altcoins. Notably, BlackRock's recent move to add staking features to its Ethereum ETFs indicates institutional confidence in ETH's future.

Key Takeaways

✔️

Ethereum rallies 20% driven by institutional investments and legislative advances.

✔️

More than 54% of stablecoins are issued on the Ethereum network.

✔️

BlackRock's decision to enhance Ethereum ETFs signals strong institutional support.

✔️

A decrease in Bitcoin dominance often leads to increased investment in altcoins like Ethereum.

✔️

Record highs in daily active addresses indicate strong user engagement with Ethereum.

✔️

The evolving role of Ethereum could redefine traditional finance's approach to blockchain.

"GENIUS targets yield-bearing stablecoins, and this is great news for Ethereum-based DeFi."

Nic Puckrin highlights the significance of recent U.S. legislation for Ethereum's growth.

"Momentum is clearly on Ethereum’s side."

Analyst Nic Puckrin expresses confidence in Ethereum's recent performance and its potential to reach $4,000.

The current momentum surrounding Ethereum reflects deeper changes in the cryptocurrency landscape, marked by institutional recognition of digital assets. As Ethereum positions itself as a cornerstone of the emerging digital economy, the focus shifts from Bitcoin as the primary crypto asset. This change not only highlights Ethereum's utility in DeFi but also signifies a transformative moment for traditional finance as it begins to embrace blockchain technology more seriously. However, the volatility of the crypto market remains a concern, making cautious optimism essential for investors.

Highlights

Ethereum is no longer just a utility token; it's Wall Street's on-chain reserve.
A 20% rally is just the beginning for Ethereum as institutional support grows.
Bitcoin dominance is falling, paving the way for Ethereum and altcoins.
Investors are looking at Ethereum as the backbone of the digital dollar economy.