The cryptocurrency market showed remarkable strength in the week of July 14 to 20, 2025, as highlighted in the latest Lookonchain weekly report. Ethereum (ETH) led the charge with a nearly 30% price surge, outpacing many altcoins and signaling a bullish momentum in the broader crypto landscape. This impressive rally in ETH price not only boosted investor confidence but also correlated with heightened trading activities across decentralized exchanges (DEXs). According to the report from analyst @lookonchain, DEX perpetual futures trading volume skyrocketed by 58% to reach an all-time high of $137.295 billion, underscoring a surge in speculative interest and liquidity in the market.

ETH Price Surge and Market Leadership

Diving deeper into the ETH price movement, the 30% increase over the seven-day period positions Ethereum as a key driver for altcoin recoveries. Traders monitoring ETH/USD pairs would have noted this uptrend starting around July 14, 2025, with potential support levels forming near the $3,000 mark based on historical patterns, though exact timestamps from the report peg the weekly close at a significant high. This rally aligns with broader market sentiment, where ETH's performance often sets the tone for tokens like SOL, BNB, and emerging AI-related cryptos. For active traders, this presents opportunities in long positions, especially if ETH breaks resistance at $4,000 in the coming sessions. The report emphasizes how this price action led the altcoin market, with on-chain metrics showing increased wallet activities and transaction volumes supporting the upward trajectory.

Trading Volume Explosion on DEXs

One of the standout figures from the Lookonchain analysis is the 58% rise in DEX perps trading volume to $137.295 billion, marking an unprecedented peak as of July 20, 2025. This volume spike indicates robust participation from retail and institutional traders alike, with popular pairs such as ETH/USDT and BTC/ETH seeing amplified liquidity. High trading volumes often precede sustained price movements, and in this case, they validate the ETH rally by reflecting strong market conviction. Traders should watch for volume-based indicators like the volume-weighted average price (VWAP) to identify entry points, potentially around the $3,500 support level if pullbacks occur. Moreover, this all-time high in DEX activity suggests a shift towards decentralized platforms, reducing reliance on centralized exchanges and enhancing overall market resilience.

Stablecoin Market Cap Growth and Implications

Complementing the ETH-driven momentum, the stablecoin sector experienced a notable expansion, with the total market capitalization growing by $2.726 billion during the same week. This influx of capital into stablecoins like USDT and USDC typically signals incoming buying pressure in the crypto markets, as these assets serve as on-ramps for fiat-to-crypto conversions. From a trading perspective, this growth could foreshadow further altcoin rallies, particularly if stablecoin inflows correlate with ETH's performance. On-chain data from the report points to increased minting activities, which traders can track via blockchain explorers for real-time insights. For those eyeing cross-market opportunities, this stablecoin surge might influence stock markets indirectly, especially tech stocks with crypto exposure, by boosting sentiment in AI and blockchain-integrated firms.

In terms of broader trading strategies, the combination of ETH's 30% gain, record DEX volumes, and stablecoin cap increases paints a picture of a maturing bull market phase as of July 2025. Savvy traders might consider leveraging perpetual contracts on DEXs to capitalize on volatility, while monitoring key resistance levels for ETH around $4,200 based on recent highs. Institutional flows appear supportive, with potential correlations to AI tokens like FET or AGIX if Ethereum's scalability upgrades continue to attract developers. Overall, this weekly overview from @lookonchain provides concrete data for informed trading decisions, emphasizing the importance of volume and price correlations in navigating the dynamic crypto environment. As the market evolves, staying attuned to these metrics could unlock profitable opportunities amid fluctuating sentiments.

To optimize trading approaches, consider diversifying into ETH-based pairs while keeping an eye on global economic indicators that might impact crypto inflows. The reported data, timestamped to July 20, 2025, serves as a reliable benchmark for assessing market health, with the 58% volume jump highlighting unprecedented engagement. Whether you're a day trader or long-term holder, integrating these insights with technical analysis tools like RSI or moving averages can enhance decision-making. In summary, the week's developments reinforce Ethereum's pivotal role, offering actionable intelligence for traders aiming to ride the wave of altcoin leadership and stablecoin stability.