Ethereum is trading near $1,932 on July 21, 2026, up 3.80% over the past 24 hours and up an impressive 8.60% over the past week, extending its recent run of outperformance as a broad risk-on rally sweeps across crypto markets. The move builds on the institutional demand signal that first emerged in mid-July, with ETH continuing to outpace Bitcoin on a weekly basis even as both assets rally together on easing US-Iran tensions.