Ethereum Price Surges Past $4,900 on ETF Demand and Fed Signals
Ethereum price climbed above $4,900, reaching $4,945–$4,948 after breaking its November 2021 record. The rally was driven by record spot ETF inflows exceeding $1 billion in a single day, signaling strong institutional demand. Federal Reserve Chair Jerome Powell’s dovish remarks on potential rate cuts further boosted market sentiment. Corporate treasury accumulation of ETH added buying pressure, while clearer regulatory guidance on staking services reduced uncertainty for institutional investors. Data from CoinGecko and CoinMarketCap confirmed the intraday high. Polls indicate that traders expect Ethereum price to test the $5,000 level by year-end, contingent on continued ETF demand and stable macro conditions. Traders should monitor ETF flow reports, Fed communications, and staking regulations to gauge near-term market moves. In summary, the Ethereum price surge reflects growing institutional adoption and positive monetary outlook, positioning ETH for a possible test of $5,000.
Bullish
Ethereum’s price rally above $4,900 is fueled by record spot ETF inflows and dovish Fed signals, which historically have led to bullish momentum in crypto markets. Similar to Bitcoin’s surge following its ETF approvals in early 2024, heavy institutional buying through ETFs has shifted market dynamics towards ETH. The potential for rate cuts reduces opportunity costs for risk assets, while corporate treasury accumulation and regulatory clarity on staking services support longer-term adoption. In the short term, traders may see sustained buying pressure as ETF flows continue. Over the long term, clearer regulatory frameworks and consistent institutional demand could solidify Ether’s role as a digital asset. However, any reversal in Fed policy or ETF flow slowdown could temper gains.