Ethereum Jumps 5%, Bitcoin Steady at $117K – 16 July 2025 Market Update - Morning!

Ethereum Surges 5% as Bitcoin Holds: July 16, 2025 Crypto Market Update

At 9:20 AM IST on July 16, 2025, the crypto market kicks off with Ethereum leading the gains, up 5.47% to $3,100, riding a wave of renewed investor momentum despite a slight dip in 24H trading volume (-6.17%). Bitcoin, meanwhile, remains largely flat at $117,000, with a healthy $2.3B traded over 24 hours, marking a 19.41% volume uptick.

XRP cooled off after last week’s rally, dropping in trading volume by over 51%, although it still managed a modest 2.04% gain to $2.90. Analysts point to consolidation after leveraged longs drove XRP’s funding rate to 0.69%, suggesting reduced speculative pressure.

Ethereum’s sharp rebound could be tied to growing optimism around its Layer-2 adoption and ETF speculation, with RSI pushing near overbought levels. Traders are watching $3,250 as the next technical resistance zone. With Bitcoin range-bound and altcoins showing selective strength, rotational flows may favor ETH in the short term.

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