Ethereum is absolutely sizzling right now, blowing away the stormy clouds of doubt and anxiety that have hung over it for much of the year. It’s like Ethereum hit the turbo boost button, rocketing up 38% in just a week! That’s right, it’s outshining Bitcoin, which is no slouch itself, climbing around 30% during the same time frame.
The real kicker? Ethereum’s market value has ballooned by over $100 billion in less than a week! To give you a sense of scale, that’s more than the entire market cap of Solana – take that in for a moment. Now, Ethereum’s market cap has soared past the $400 billion mark, the first time it’s done so since July. As if to say, “Move over, Solana,” crypto enthusiasts are having a field day with this one!
Ethereum’s price also hit a nearly four-month high of $3,384 earlier this week. Next stop? It’s eyeing the $3,500 mark, a level it hasn’t seen since the summer. But hold your horses! Experts are pointing out that while Bitcoin has already broken out, Ethereum is still dancing within a broadening wedge pattern, with a breakout just around the corner.
Crypto educator Anthony Sassano is predicting an “ETH god candle” that could surprise us all and send Ethereum skyrocketing. He’s noted that all the doomsayers have gone silent, and suddenly everyone’s hopping on the Ethereum bandwagon.
It’s not just Ethereum having all the fun. Other altcoins like Dogecoin have been barking up the right tree, surging 33% in just 24 hours to surpass $0.40. Avalanche, Aptos, and Cronos are also riding a wave of double-digit gains.
The excitement is not limited to just crypto enthusiasts. In the world of institutional investors, Ethereum is the talk of the town. The US saw spot Ethereum ETFs enjoy a record day of inflows, bringing in a whopping $295 million on a single day! Fidelity’s FETH fund was the leader of the pack with a hefty $115.5 million inflow.
With more than $500 million poured into Ethereum ETFs over just four days, this is a moment that’s rewriting records. Even US Bitcoin ETFs are getting in on the action, raking in a massive $1.094 billion. The crypto party is in full swing, and Ethereum is definitely stealing the spotlight!
