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- 🚀 ETH jumped to $4,600 this morning, up 8.69% in 24h!
Just shy of the $4,891 ATH—think it breaks through?
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Ethereum Surpasses Netflix and Mastercard – and Aims Even Higher
Ethereum (ETH), the world’s second-largest cryptocurrency, is experiencing a meteoric rise, having now surpassed the market value of tech giants Netflix (NFLX) and Mastercard (MA). Its next target is U.S. pharmaceutical giant Eli Lilly – and at the current pace, that milestone may come sooner than expected.
Highest Price Since 2021 On Tuesday, ETH broke above the $4,600 mark for the first time since December 2021. The following day, it reached an intraday high of $4,682 – just a few percent away from its all-time high set in November 2021. A roughly 5% increase would be enough to break the record, and given the current market momentum, that goal appears entirely achievable.
Forecasts: $5,000 in Sight, $10,000 Next Year? According to betting platform Polymarket, there is now a 59% probability that Ethereum will exceed $5,000 for the first time this August. There’s even a 28% chance that the price could surge to $5,400 within the month.
Looking ahead to 2025, predictions are even more ambitious – with a 12% probability that ETH will top $10,000. Renowned analyst Tom Lee has gone further, suggesting the altcoin could soar to $16,000 during the current bull cycle.
Ethereum ETFs Attracting Billions Beyond price action, Ethereum is rapidly closing in on the SPDR S&P 500 ETF Trust (SPY), which manages $589.84 billion in assets.
Ethereum ETFs are also enjoying strong inflows – Monday saw a record single-day inflow of over $1 billion, and according to data from SoSoValue, an additional $523 million has recently flowed into spot ETH ETFs.
#Ethereum , #ETH , #Altcoin , #blockchain , #CryptoMarket
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