Ethereum Predictions: ETH Towards 5,000 Dollars? | Bitcoinist.com

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Ethereum (ETH) is driving the cryptocurrency market upward, trading above $4,600, just 4% below its all-time high of $4,891. The second-largest cryptocurrency by market capitalization has gained nearly 30% in the last week, outperforming all other major altcoins.

Driving this rally are record inflows into spot ETFs on Ethereum, with $1.54 billion entering in just two days. BlackRock's ETHA fund is leading, surpassing $10.5 billion in assets under management.

Institutional accumulation adds fuel to the rally. BitMine Immersion Technologies has announced plans to raise up to $24.5 billion for ETH purchases, aiming to control up to 5% of the total supply. Following this, SharpLink has completed a fundraising of $389 million, allocating nearly all proceeds to the purchase of Ethereum.

Analysts target $5,241, or more

Technical indicators suggest that the Ethereum rally still has room to grow. Crypto analyst Ali Martinez cites the MVRV pricing bands, indicating a possible move towards $5,241. Meanwhile, trader Yashasedu believes that if Bitcoin were to reach $150,000, Ethereum could surpass $8,500, based on historical market capitalization reports.

Santiment's on-chain data shows that retail traders are selling during the rally, a pattern that has historically preceded further price increases. Corporate treasuries, on the other hand, are aggressively accumulating, creating minimal resistance for a breakout to new highs.

SOURCE: TRADING VIEW ## Ethereum (ETH) dominates the altcoins

While other important altcoins like Solana, Cardano, and Chainlink have recorded strong gains, analysts note that this cycle is more of an "Ethereum season" than a true altcoin season.

Benjamin Cowen emphasizes that altcoins excluding ETH and BTC ( TOTAL3) have dropped by 50% compared to Ethereum since April, signaling its growing dominance.

The fundamentals of Ethereum remain strong, with the total value locked (TVL) exceeding 90 billion dollars, the highest level since 2022. Activity in the derivatives market is also heating up, with an open interest of 12.1 billion dollars, the highest since March 2024.

If the momentum continues, a breakout above $4,750 could push ETH towards $5,000 and beyond, consolidating its position as a favorite among institutional investors alongside Bitcoin.

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