Ethereum Smashes Through $4,000 Barrier—First Time Since December
ETH bulls just woke up the neighbors. The king of smart contracts punched past $4,000 today—a level not seen since the last crypto winter. Cue the 'to the moon' memes.
Why this matters: That 8-month high isn't just a number. It's a middle finger to Wall Street's 'crypto is dead' narrative. Traders who shorted ETH above $3,500 are now liquidating faster than a DeFi rug pull.
Behind the surge: Institutional money's finally playing catch-up. BlackRock's ETH ETF approval didn't hurt either—though let's be real, they'll take their 2% management fee whether you lambo or get rekt.
Next stop? If ETH holds this level, $4,500 looks inevitable. Unless, of course, Jerome Powell decides to 'save the economy' with another surprise rate hike. Thanks, Fed.