This Cryptocurrency Has Doubled Since July—Here’s Why It’s Not Too Late to Buy

From obscure altcoin to market darling—this digital asset just ripped past every resistance level on the chart.

Market Momentum Builds

While traditional finance types were busy rebalancing their bond portfolios, this crypto quietly doubled in value since July. No fancy investment banks required—just pure decentralized momentum crushing legacy expectations.

Technical Breakout Confirmed

The rally isn't slowing down. Chart patterns show sustained buying pressure with volume spikes that suggest institutional money finally waking up to what retail traders spotted months ago.

Why Latecomers Still Win

Previous all-time highs now look like mere stepping stones as network adoption accelerates. Real utility—not just speculation—drives this phase of growth.

Remember: Wall Street analysts who called crypto 'a fad' in 2025 are now quietly allocating client funds to it behind closed doors. The train hasn't left the station—it's just building speed.

Image source: Getty Images.

What's fueling the rocket ship right now?

Ethereum has received several pieces of good news over the past couple of months.

• The GENIUS Act became law, clarifying regulations on Ethereum and stablecoins.
• Spot Ethereum ETFs received regulatory approval and began trading on U.S. exchanges.
• Several companies announced strategic Ethereum treasuries, similar to Strategy's Bitcoin treasury.
• SEC Chairman Paul Atkins announced "Project Crypto," aiming to provide more and more friendly regulations that encourage owning and investing in cryptocurrency, while providing a framework for using blockchain in the financial markets.
• President Trump signed an executive order opening up 401(k) plans to cryptocurrencies.
• Lower-than-expected inflation, and promising comments from Federal Reserve Chairman Jerome Powell, suggest that an interest rate cut in September is very likely.

The combination of all of those factors and the continued push toward risk assets for investors have driven ethereum to close to its all-time high from November 2021. And while it's been a long road back to that level, there's reason to expect the impact of some of these factors leaves a lot of room for Ethereum to keep climbing.

It's still early

Despite launching over 10 years ago, it's still early for Ethereum. The network is still evolving, with ongoing upgrades to improve speed and efficiency. While its blockchain is the most widely adopted for smart contracts and decentralized finance, it's still not a mainstream technology. And institutional and corporate adoption of the cryptocurrency as an investment remains behind Bitcoin, which many see as still underallocated.

The price of cryptocurrency is based on supply and demand. All of the aforementioned trends point to growth in demand that should outpace the growth in supply for a long time.

Ethereum ETFs have seen just $12 billion of net inflows since July and now hold roughly $22 billion in assets. While that's impressive, it's just 15% of the amount held by Bitcoin ETFs. Considering Ethereum's market cap is 25% of Bitcoin's, that implies we should continue to see strong demand for the new ETFs, driving billions in demand for the currency.

Likewise, only a handful of companies have announced corporate treasuries using Ethereum. And those that have remain relatively small. If a larger company joins them, it could provide a lot more demand.

Most importantly, though, is Ethereum's blockchain is the biggest and best-known public blockchain. The growing trend toward stablecoins and tokenizing assets, including stocks, bodes well for the future of Ethereum. That can provide prolonged growth in demand for Ethereum, driving the price of the coin to new all-time highs.

There's a lot of growth left for Ethereum, even after doubling in less than two months.