Ethereum has achieved its highest daily closing price in 44 months, fueled by massive exchange-traded fund (ETF) inflows and accelerating institutional adoption. This milestone marks a significant recovery for the cryptocurrency amid growing mainstream integration.
Billions of dollars flowing into spot Ethereum ETFs have converged with expanding real-world blockchain utility. Multiple Fortune 500 companies are deploying institutional-grade solutions on Ethereum, including proprietary layer-2 networks, while central banks conduct live pilots for central bank digital currencies (CBDCs) on the network, according to market analyst Sapna Singh.
The sustained bullish trend has yielded substantial casualties among contrarian investors. Abraxas Capital recently reported over $190 million in market losses stemming from short positions against Ethereum, Bitcoin, and other cryptocurrencies during this rally.
Regulatory clarity provided by the landmark ‘Genius Act’ has further strengthened Ethereum’s position. The legislation established clear operational guidelines for digital assets, enhancing institutional confidence and accelerating corporate adoption strategies across the ecosystem.