Ethereum Market Cap Don Hit $570B Wit ETF-Driven ETH Rally
Ethereum market value climb from $520 billion reach record $570 billion as ETH jump from $4,313 to about $4,700. Ethereum gain 55% last month, pass well beyond Bitcoin. Strong ETF come in – $461 million daily net buy – plus big company treasury buy from BitMine, Fundamental Global and Sharplink Gaming push the rally. On-chain data show average transaction size jump 430%, show more whale activity and more retail people join in. Big investors collect over 221,000 ETH dis week, including one big buy of 49,533 ETH and 1,250 ETH from Arthur Hayes. Technical signs show bullish momentum. ETH dey face resistance close to upper Bollinger Band at $4,758. Daily close pass that level fit open road to $5,000. But RSI at 79.3 dey warning for short-term profit-taking, support around $3,889. Traders suppose dey watch ETF flows and treasury buy announcements for direction.
Bullish
Strong ETF inflows and big corporate treasury buys dey show say demand for ETH strong, wey dey push bullish momentum. Whale accumulation dey add more pressure to go up, like on-chain data take show. Technical breakouts and bullish patterns dey suggest say e get chance to test higher targets like $5,000 and beyond. Even though high RSI fit cause short-term profit-taking, overall combination of institutional demand, whale activity and positive technical indicators dey support bullish outlook for ETH for both short and long term.