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Market Update: Ethereum Takes the Lead

The crypto market is riding a solid rally.

By Mike Hesp
• 1 min read
Market Update: Ethereum Takes the Lead

The crypto market is riding a solid rally. Most altcoins are posting modest daily gains, but Ethereum is stealing the show. The second-largest cryptocurrency has risen almost 3% over the last 24 hours and is trading around $2,800, with a market cap of $334 billion.

Not only ETH itself is benefiting: the broader Ethereum ecosystem is also showing strong signals. For example, UNI, the token of Uniswap, the largest decentralized exchange (DEX) on Ethereum, is up a whopping 15%.

What’s driving this move? Institutional investors. Since May 16, 2025, Ethereum spot ETFs have shown a steady inflow of capital. On June 10, net inflows were a whopping $124 million, the highest amount since February 4, 2025.

According to a report from CryptoQuant in May, Ethereum is “currently extremely undervalued relative to Bitcoin – for the first time since 2019.” In the past, such a setup often led to a strong outperformance of ETH versus BTC.

The total crypto market is up today by 1.15% and reaching a total market cap of $3.45 trillion. Bitcoin dominance sits at 61%, while the market sentiment gauge, the Fear & Greed Index, is at 65 — just in the greed territory.

Disclaimer: This content is for informational purposes only and does not constitute financial, investment, legal, or tax advice. The information provided may be incomplete, inaccurate, or outdated and should not be relied upon as such. Nothing on this website should be considered a recommendation to buy, sell, or hold any cryptocurrency. Investing in crypto-assets involves risk of loss.