Ethereum (ETH) Price: ETH Surges 11% While the Rest of Crypto Stalls — BlackRock Is Buying

July 16, 2026 CryptoExpert Uncategorized
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TLDR

  • Ethereum rose ~11% in seven days, trading near $1,920, while most other large-cap cryptos were flat or lower
  • U.S. spot Ether ETFs pulled in $96 million in the first three days of this week, already beating last week’s total of $84 million
  • BlackRock’s ETHA fund dominated inflows, absorbing $45.3 million of Wednesday’s $53.8 million total
  • Robinhood Chain, launched July 1, now clears over $800 million in daily DEX volume and pays gas in ETH
  • Analyst Ted Pillows flagged that ETH’s daily RSI has crossed above 65, a level that has historically preceded short-term price tops

Ethereum is trading near $1,920, up about 11% over the past seven days. That makes it the strongest performer among large-cap crypto assets this week by a wide margin.

Ethereum (ETH) Price
Ethereum (ETH) Price

Bitcoin sits at $64,600, up just 4.2% over the same period. Solana dropped to $77, down on the week. TRON fell to $0.32 and Hyperliquid’s HYPE lost 1.8%. XRP, BNB, and Dogecoin each gained around 2% for the week — roughly a fifth of Ethereum’s move.

ETH carries a market cap of around $231 billion with roughly $12 billion in daily trading volume.

Two main factors have driven ETH’s outperformance this week. The first is ETF inflows. U.S. spot Ether ETFs took in $96 million in the first three trading days of the week, according to SoSoValue. That already surpasses the $84 million collected across all of last week.

BlackRock Dominates ETF Flows

The inflows are not evenly spread. On Wednesday, BlackRock’s ETHA fund absorbed $45.3 million of the $53.8 million total. Its smaller ETHB fund added another $4 million. The remaining eight ETF products split less than $5 million between them.

Grayscale’s original Ether trust, which charges a 2.5% fee compared to BlackRock’s 0.25%, has seen $5.3 billion in outflows since launch.

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Bitcoin’s ETF flows tell a different story. U.S. spot Bitcoin ETFs lost $424 million on July 13, then recovered $181 million the next day. That kind of in-and-out movement in 48 hours does not suggest long-term position building.

The second tailwind for ETH is Robinhood Chain. The brokerage’s layer-2 network went live on July 1 and settles to Ethereum. It now processes more than $800 million in daily decentralized exchange volume, mostly memecoin trading, and pays gas fees in ETH.

$2,000 Resistance in Focus

Ethereum is trading just below the $1,930–$2,000 resistance zone. The MACD remains in positive territory with the signal line below it, and volume has picked up during the recovery. The $1,874 level is being watched as key support.

Analyst Ted Pillows noted on social media that “the real test of $ETH will now start.” He pointed out that since August 2025, every time ETH’s daily RSI crossed above 65, the price has peaked within two to three days. The RSI is back above 65 now. Pillows said that if ETH consolidates rather than reverting, it “will be the first major sign of reversal for ETH since April 2025.”

On-chain data from DefiLlama shows Ethereum’s Total Value Locked near recent highs, with active addresses remaining elevated.

Separately, Lookonchain reported that three newly created wallets withdrew 30,000 ETH — worth approximately $57.66 million — from Coinbase Prime within the past 24 hours.





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