July 11, 2025, Ethereum’s price is steadily climbing. It has gained nearly 10% in a week. Major investors are pouring funds into this leading altcoin. This surge aligns with a broader crypto market rally. Bitcoin (BTC) is hitting new highs. ETH may follow, but challenges remain.

Rising Correlation with Bitcoin

Since late June, Ethereum’s link with Bitcoin has strengthened. The ETH/BTC ratio stands at 0.02. This suggests both assets move together. In bullish phases, such correlation often signals joint rallies. If BTC keeps rising, ETH could soar.

Institutional Activity

Big players are boosting their Ethereum holdings. Open interest in ETH futures on CME hit $3.34 billion. Spot ETH ETFs also drew $219 million last week. This reflects strong confidence in the altcoin. Investors eye a push past $3,000.

Retail Trader Hurdles

Yet, growth slows due to retail sellers. Those holding ETH under a month are selling. Their balance dropped 16% since July 4. This adds downward pressure. Without their support, breaking $3,000 is uncertain. The price may dip to $2,745 or rise to $3,067 with new demand.

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