Ethereum [ETH] had a strong July, recovering much of the ground it lost in June. Now, will ETH break above $2,000, or move sideways in the days ahead?
ETH jumped back up in July
Ethereum ended July with gains of 20.3% — Its strongest monthly performance over the past year. The rebound helped ETH recover a large part of June’s 21.8% fall, and brought some confidence back to the market after a difficult H1 2026.
Now, what’s peculiar is how against the historic tide these gains have been. So far, ETH has delivered an average July return of 10.7%, while the median return for the month is negative. This means July 2026 performed far better than a typical July.
Still, the recovery did not completely erase June’s losses. ETH is still entering August below recent highs.
Spot ETF demand supported ETH’s July rebound
