Whale Buy $1B Ethereum, ETH Market Cap Pass Mastercard
Ethereum get big institutional buy this week. One big whale buy 221,166 ETH (≈$946.6 million) through FalconX, Galaxy Digital and BitGo. This push make Ethereum price rise 21% pass $4,000 and lift market cap to $523 billion, pass Mastercard wey worth $519 billion. On-chain data show record high addresses wey hold over 10,000 ETH, show say institutional demand dey rise. Public companies add over 304,000 ETH ($1.3 billion) to their treasury, led by BitMine Immersion and SharpLink Gaming. Technical analysts predict say Ethereum fit hit $20,000 inside six to eight months. Even though e rally, ETH futures premiums still low pass normal bullish levels, show say traders dey cautious. If institutional demand continue, e fit keep ETH above $4,000.
Bullish
Dis news dey point to beta bullish trend weh dey happen because plenty institutional capital dey flow inside. One big whale wey buy almost $1 billion worth of Ethereum dey remind us of past times weh whales dey accumulate like Bitcoin whales dey increase their holdings before big rallies. Di record number of big ETH addresses and di continuous ETF inflows show say foundation strong. Technical forecast of $20,000 target still dey support di long term upside potential. For short term, cautious futures premium fit reduce volatility small, but if whales and company keep buy, price fit rise well well. Overall, di combination of on-chain metrics, institutional demand and optimistic analyst views mean say Ethereum market go bullish.