Ethereum Rallies 3%, Bitcoin Returns to $119K โ€“ July 28, 2025 PM Update

Ethereum surges to $3.9K with strong volume, Bitcoin back at $119K. XRP and Solana rise amid market momentum. Latest July 28, 2025 trends.

Ethereum Rallies 3% as Bitcoin Reclaims $119K โ€” July 28, 2025 Afternoon Crypto Snapshot

As of 2:00 PM IST on July 28, 2025, crypto markets flash renewed momentum, led by a robust move in Ethereum (ETH). ETH jumps 3.22% to reach $3,900, with a strong 83.5% surge in 24-hour trading volume, indicating fresh inflows and energized sentiment. The funding rate remains subdued at 0.03%, reflecting mostly spot-led demand and healthy positioning.

Bitcoin (BTC) bounces back to $119,000โ€”up 0.71%โ€”despite a slight 7.6% decline in volume to $610M, suggesting price steadiness even as trading activity normalizes after recent volatility. Funding rates remain neutral at 0%, revealing a balanced futures posture.

XRP advances 2.64% to $3.26, with volume climbing 57.4%, while its funding rate at 0.31% signals modest long interest, possibly positioning for post-correction upside. Solana (SOL) rebounds 2.89% to $191.75 on a 69% volume uptick, as traders re-enter after recent dips.

Across the board, todayโ€™s action signals re-accumulation and a renewed risk-on appetite as funding rates stay in check and volumes trend higher for major altcoins.

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