Ethereum rallies 4.5% as Arthur Hayes’ ETH buys and ETF inflows fuel alt-season signal

Ethereum outperformed the broader crypto market on July 27, rising about 4.52% to $1,967.76 over 24 hours, while the rest of the market gained roughly 1.46%—a move attributed by the outlet to increased trading activity, with ETH volume up 118% to $9.21 billion. The ETH/BTC ratio was also reported to have moved higher, described as a signal for “alt season” conditions ^{[1] [2]}.

Multiple reports linked the momentum to Arthur Hayes’ recent Ethereum buying. One account says Hayes purchased 1,290 ETH worth about $2.5 million via FalconX, while another notes his continued accumulation and cites rising “$4K calls” amid ETH trading near $2,000 for the first time in months. Analysts highlighted by one report cited $10,000–$20,000 cycle-based targets, with near-term resistance identified around $1,945 and $2,145 ^{[3] [4]}.

Separately, one report cited on-chain activity by a whale withdrawing 120 WBTC from an exchange, described as expanding alongside prior ETH holdings. In the same set of coverage, spot Ethereum ETF flows were reported as totaling $104 million in cumulative net inflows across three consecutive weeks ^{[5] [3]}.

Overall, July 27’s ETH strength was tied to higher trading volume, movement in the ETH/BTC ratio, and continued bullish focus on Arthur Hayes’ reported Ethereum purchases, alongside reported ETF inflows and related large-wallet activity ^{[1] [3] [2] [5] [4]}.