Ethereum sees out July on a high

Ethereum is closing out the month of July on its 10th anniversary, up more than 50%. CoinDesk reported that Ether (ETH) rose to $3,940 in July and is closing out the month just below $3,800. This represents a whopping 50% gain in just one month, the largest monthly gain since July 2022. While the market was recovering from the Terra-Luna incident at that time, this rally was different, driven by an influx of capital from the capital markets.