Ethereum’s Rise: Could it Keep Soaring? Analysts Weigh In with Surprising Insights!

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So, Ethereum is on fire, right? Just when we thought it was going to take a nap for a few months, it comes charging back like a caffeinated raccoon. And, of course, now the entire crypto world is asking: “Is this the real deal? Or will it just be another flash in the pan?” Enter Bitwise CIO Matt Hougan, who has some thoughts, and spoiler alert: they are more optimistic than your friend who insists they *will* go to the gym tomorrow. 😂

Let’s break it down, shall we?

  • Ethereum is up over 50% in the past month—yes, you heard that right—thanks to some serious demand from exchange-traded products and corporate treasuries (who knew they were so into ETH?).
  • Corporate titans like SharpLink and Bitmine are basically hoarding ETH like it’s the last slice of pizza at a party.
  • Experts predict billions in fresh acquisitions over the next year. And I mean billions. 💸

In his recent July 22 X thread (yes, that’s Twitter for the less cool folks), Hougan laid out the reasons for Ethereum’s sudden resurgence. Turns out, it’s not magic, it’s simple: overwhelming demand from exchange-traded products (ETPs) and those corporate treasure chests. That’s right, these big players are *hungry* for ETH.

From “meh” to “wow”!

At the start of the year, Ethereum was like that one friend who always says “I’ll be ready in five minutes” and then never shows up. Institutional interest was about as lively as a soggy toast. Ethereum ETPs were dragging their feet, attracting only a couple billion dollars (which, in crypto terms, is basically pocket change) and acquiring a mere 660,000 ETH.

Meanwhile, the network was casually issuing 543,000 ETH, so supply and demand were basically hanging out together like an awkward couple at a dinner party. No fireworks there, folks.

But then, something changed—enter the hero of our story: Spot Ethereum ETPs. These bad boys saw a massive uptick in buying, raking in over $5 billion in just a few weeks. It’s like Ethereum suddenly became the hottest thing since sliced bread. 🍞 And at the same time, we got some fresh blood in the market.

SharpLink and Bitmine: The Corporate ETH Hoarders

Now, who are these new players on the block? Oh, just some little-known corporate giants like SharpLink and Bitmine. You know, no big deal. These guys are on a *serious* ETH shopping spree, trying to outdo each other in a race to build the biggest Ethereum treasury. And they’re doing a damn good job.

SharpLink has already snatched up a whopping 360,807 ETH, while Bitmine is trailing close behind with around 300,000 ETH. Move over, Ethereum Foundation—there’s some new kids in town! 🙌

Bitwise reckons that since May, ETPs and corporate treasuries have hoovered up a jaw-dropping 2.83 million ETH—worth over $10 billion. That’s 32 times more than the new supply the network issued during that time. So, yeah, demand is *way* outpacing supply right now, and that’s why ETH’s price is going up faster than your last impulse buy on Amazon. 🛒💸

ETH to the Moon? Institutions aren’t finished yet!

Ethereum’s market cap is hovering at a cool 19% of Bitcoin’s, but guess what? Ethereum ETPs hold less than 12% of assets compared to Bitcoin. Translation: There’s a lot of room for some serious inflows if investors get their act together and start buying more ETH. 🙄

And here’s where it gets juicy: Hougan believes that Ethereum-focused treasury companies are *not* done. In fact, they’re just getting started. Their strategy is working, their stock market gains are looking pretty damn good, and more buying is likely to happen. Don’t be surprised if they double down. Because why not? It’s working. 🤑

ETPs and corporate treasuries are predicted to snap up another 5.3 million ETH—worth about $20 billion—over the next year. And with the network only expected to churn out about 0.8 million ETH during that time, the demand could totally dwarf the new supply. Talk about a supply-demand imbalance, right?

Now, while Ethereum’s issuance model isn’t as rigid as Bitcoin’s (it doesn’t have a capped supply), Hougan reminded everyone that short-term prices are still ruled by the almighty forces of supply and demand. And folks, right now, demand is kicking supply’s butt. So, yeah, if the trend continues, ETH could be in for even more gains. 🚀

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2025-07-23 13:19