Ethereum Is Quietly Beating Bitcoin: The Data Behind ETH’s 22% July
Ethereum spent most of 2026 as the market’s biggest disappointment, falling harder than Bitcoin and hitting an ETH/BTC ratio last seen in 2016. Then July happened.
ETH is up roughly 22% from its July low while Bitcoin has gone essentially nowhere, and the reasons are structural rather than sentimental. This analysis breaks down what changed, whether it is sustainable, and what would confirm a lasting shift.
The performance gap Ethereum trades near $1,920 in late July 2026, up from roughly $1,577 at the start of the month, a gain of about 22%. Bitcoin trades near $64,000 against roughly $58,700 at the start of July, a gain of about 9%, and has repeatedly failed at $68,000.
Over the month, ETH outpaced BTC by more than two to one. That is a meaningful divergence in a market where the two majors usually move together, and it follows six months in which the relationship ran the other way. Four specific factors explain it.
This page shows the RSS-provided summary/preview. Full publisher content remains available at the original source.