Ethereum Just Outpaced Bitcoin With $365M in ETF Inflows, But On-Chain Data Shows the Real Bottom Isn't In Yet

Ethereum staged a remarkable comeback in July, outperforming Bitcoin with an impressive $365 million in ETF inflows and a 19% price surge, reaching as high as $1,970 before pulling back to $1,868. This significant price action contrasts sharply with Bitcoin's modest 8% gain, signaling a notable shift in market sentiment toward the second-largest cryptocurrency.
Despite the optimism generated by ETF inflows, on-chain data suggests that Ethereum's real bottom hasn't been reached yet, warning investors about potential future corrections. Blockchain analysis reveals patterns indicating continued institutional accumulation but also signals that the market may not have found its equilibrium point, keeping the scenario volatile and uncertain for the coming months.
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