Sharplink Research Director: Ethereum starts strong in July, with institutions and supply-demand potentially becoming new catalysts to drive the market into a new cycle

Sharplink Research Director Steven Ehrlich published an analysis pointing out that Ethereum started strong in July 2026, with an increase of about 11% so far this month. Historical data suggests that investors should pay attention to ETH's performance in July. Steven Ehrlich noted that the core advantage of ETH's July performance is not merely volatility, but the asymmetry between rises and falls: when July sees an increase, the average rise is about 43%, while in years of decline, the average drop is only about 5% (from 2020 to 2025).

Historically, months of significant gains for ETH are usually driven by "Ethereum-specific catalysts + supply-demand imbalance." The current market environment also presents similar opportunities, such as: institutional infrastructure is being built, the Ethereum roadmap is continuously upgrading, and corporate funds are consistently increasing their holdings of ETH. Currently, Ethereum is entering a new development phase, where institutional adoption, technological upgrades, and capital allocation may become important factors driving ETH's market performance.