Ethereum reclaims $3,600 as total crypto market cap hits $4 trillion ATH

The crypto market is still climbing, and Ethereum is not relinquishing its spot as a top gainer.

According to crypto.news data on July 18, 2025, Ethereum ($ETH) has pushed back into the $3,600 zone for the first time since dropping below that level in January.

Trading at $3,642 at the time of writing, the reclaim comes as the second-largest crypto asset continues its meteoric rise, riding on a 9% gain in the past 24 hours.

So far this week, $ETH is up about 22% and nearly 43% over the past month, marking a sharp recovery after a prolonged slump from earlier highs. But what’s driving the uptrend?

Record $ETH ETF inflows and corporate buying boost gains

One key driver is the surge in the U.S.-listed spot exchange-traded funds tracking Ethereum, which continue to attract heavy inflows as demand surges.

Most recently, the nine listed ETFs recorded about $602 million in inflows, building on $717 million from the previous day and bringing weekly totals to roughly $1.7 billion. These are the highest levels seen since December 2024, signaling renewed institutional interest in $ETH.

At the same time, corporate interest in Ethereum is making headlines. Several companies have started adding $ETH to their balance sheets, betting on its role as a treasury reserve asset. This wave of allocations has supported Ethereum’s rise, pushing its market cap to around $439 billion.

$ETH’s surge is also part of a broader market breakout, as a strong rally in Bitcoin ($BTC) and several major altcoins pushes market valuations to unprecedented levels.

Crypto market cap hits record highs

The total cryptocurrency market capitalization crossed a new all-time high on July 18, breaking past the $4 trillion mark. This comes as $BTC trades above $120,000 and altcoins like $XRP ($XRP) hit fresh peaks, contributing to a full market rally.

Data from market trackers shows Bitcoin remains the dominant force, holding a market cap of around $2.4 trillion, while Ethereum’s share now sits near 11%. Major altcoins like $BNB ($BNB) and Solana (SOL) are also in the green, adding to the momentum and confirming broad participation in the rally.

The crypto market cap all-time high comes as industry regulatory outlook improves, particularly following the greenlight of pro-crypto bills by the US House. A $4-trillion valuation now positions the industry just behind Nvidia, the world’s largest company at $4.2 trillion, testament to its place as a major force in global finance.