Ethereum Soars Past $4,400: Here’s Why the Rally Isn’t Over Yet

Ethereum just blasted through $4,400—defying gravity while traditional markets yawn. Here’s what’s fueling the surge.

The breakout no one saw coming

While Wall Street analysts were busy downgrading crypto (again), ETH quietly built momentum. Now it’s eating Bitcoin’s lunch on the institutional adoption front.

Gas fees? What gas fees?

Layer-2 solutions finally delivered on their promise, slashing transaction costs just as DeFi activity spiked. Traders are piling in faster than a VC dumping meme coin bags.

Where’s the ceiling?

With staking yields still juicy and ETF rumors swirling, $5k looks more like a pitstop than a final destination. Just don’t tell the SEC—they’re still trying to define ‘security’.

$4,289 has surged past $4,400, driven by two significant developments. The first is a favorable inflation report supporting interest rate cuts. The second is a massive acquisition plan by the largest ethereum treasury company. There are predictions that ETH might soon hit the $5,000 mark.

Why is Ethereum Rising?

The price of Ethereum has been driven upwards by BitMine’s potential $24.5 billion ETH acquisition. Additionally, there is increased demand for ETH via ETF channels. After several years, ETH is now above $4,400, and it might soon exceed $4,800, reaching a new all-time high.

Ethereum’s treasury company, BitMine, has raised the total amount of common stock eligible for sale to $24.5 billion under the Sales Agreement. With a newly published prospectus, if things progress as expected, the company’s assets could quickly surge towards $30 billion. Currently, the total assets of all ETH treasury companies stand at $10 billion. With an additional $5 billion purchase approved last Friday, adding $24.5 billion WOULD push the updated reserve size for all these companies over $40 billion.

Moreover, considering the acceleration in ETH inflow, it can be said that a HYPE period for Ethereum has begun. Leading Ethereum-related altcoins like PEPE and LDO might experience sudden spikes today.

For the first time in its history, ETH witnessed an ETF inflow exceeding $1 billion yesterday. Institutions seem to be aware of certain developments. In the ETHBTC pair, the $0.037 resistance level was recently breached, and now maintaining this level while targeting the $0.04 to $0.05 range is essential.

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