Ethereum derivatives surge, as more Ether enters exchanges  

The consolidating market finally ended on late 26 July, when Bitcoin prices started to rally. Due to strong correlations between Bitcoin and other major cryptos like Ethereum, the alts also marched along.
Ethereum, the second-largest coin reported an 11% growth within a day, that pushed it to a 2020 price peak of $334. However, Ethereum’s sideways movement had ended a few days ago, as the coin was moving higher on the price ladder.

https://eng.ambcrypto.com/ethereum-net-flows-into-exchanges-rise-as-bitcoin-moves-out/