Ethereum (CRYPTO: ETH) jumped above $1,9000 after cooler-than-expected inflation data sparked heavy buying in futures markets, adding to what analysts call a long-term bullish case.

ETH More Attractive Than Bitcoin

In an X post on July 15, CryptoQuant noted that within an hour of the CPI data release:

  • Binance recorded roughly $1.2 billion in taker buy volume for ETH while,
  • Deribit and OKX also saw significant buying activity.

However, the rally was primarily driven by short-term speculative positioning, cautioning that it does not yet confirm a sustained bullish trend.

Trader TheFlowHorse argued Ethereum is becoming a more attractive investment than Bitcoin (CRYPTO: BTC) over the medium to long term.

He cited several structural tailwinds, including growing stablecoin adoption, expansion of real-world asset tokenization and improving regulatory clarity.

Ethereum’s continued roadmap execution and a stronger relative performance during recent periods when Bitcoin weakened play a key role.

TheFlowHorse said ETF flows deserve close attention after ETH recently outperformed BTC despite weakness in the broader crypto market.

SoSoValue data shows for July 2026 BTC ETFs witnessed an outflow of $119 million compared to ETH ETFs attracting $171.3 million during same period.

Crypto chart analyst Ali Martinez highlighted a fresh bullish technical signal on the SuperTrend indicator.

The prior two SuperTrend buy signals on Ethereum’s 3-day chart were followed by rallies of 72% and 177%.

Bottoming Process Underway

In a podcast on July 14, crypto analyst Kevin said Ethereum’s higher-timeframe charts increasingly resemble the early stages of a major bear market bottom.

Kevin noted Ethereum found its bear market low months before Bitcoin during the 2022 cycle and believes a similar pattern could emerge again.

Rather than waiting for a perfect bottom, he said he has already begun accumulating Ethereum while keeping additional capital available if prices decline further.

"Start looking for opportunities if you’re a crypto investor," he added.

Kevin believes Ethereum could ultimately form a large inverse head-and-shoulders pattern over the coming months before beginning its next major uptrend.

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