🚀 Ethereum Soars Past $4K as ETF Frenzy Hits Overdrive: $5,000 Target in Sight
Wall Street's latest crypto crush sends ETH into hyperdrive—just as the suits finally figure out how to spell 'blockchain.'
The ETF effect: Money talks, bulls run
Institutional money floods Ethereum ETFs like a broken fire hydrant, proving even traditional finance can't ignore 20% monthly gains. Who needs fundamentals when you've got FOMO?
Technicals scream breakout
The $5,000 resistance level now looks flimsier than a banker's promise. Every pullback gets swallowed faster than a VC's martini at Consensus.
The cynical take
Watch the 'smart money' pile in now that retail already did the heavy lifting. Classic Wall Street—late to the party but first to the mic.
Analysts Target $5,241, or Higher
Technical indicators suggest Ethereum’s rally has more room to run. Crypto analyst Ali Martinez cites the MVRV pricing bands, pointing to a possible move toward $5,241. Meanwhile, trader Yashasedu believes that if Bitcoin hits $150,000, Ethereum could surge past $8,500, based on historical market cap ratios.
On-chain data from Santiment shows retail traders are selling into the rally, a pattern that has historically preceded further price gains. Corporate treasuries, however, are accumulating aggressively, creating minimal resistance for a breakout to fresh highs.
While other major altcoins like Solana (+12.9%), Cardano (+10%), and chainlink (+12%) have posted strong gains, analysts note that this cycle is more of an “Ethereum season” than a general altcoin season.
Benjamin Cowen highlights that altcoins excluding ETH and BTC (TOTAL3) have dropped 50% against ETH since April, indicating Ethereum’s dominance.
Ethereum’s fundamentals remain robust, with total value locked (TVL) surpassing $90 billion, the highest since 2022. Derivatives market activity is also heating up, with open interest hitting $12.1 billion, the highest since March 2024.
If momentum continues, a break above $4,750 could send ETH toward $5,000 and beyond, solidifying its position as the institutional favorite alongside Bitcoin.
Cover image from ChatGPT, ETHUSD chart from Tradingview
