Ethereum Breaks $3,900 as ETH Treasury Demand Heats Up, Eyes $4,000
Main Idea
Ethereum's price surged past $3,900 due to increased institutional interest and record inflows into ETH-focused treasuries and ETFs, with analysts eyeing the $4,000 mark.
Key Points
1. Ethereum reached $3,952 before settling at $3,909, driven by institutional demand and corporate treasury expansions like SharpLink Gaming's $200M offering.
2. Seventeen public companies now hold over 1.74 million ETH, valued at nearly $6.9B, with Fundamental Global filing a $5B shelf registration to build an ETH treasury.
3. Vitalik Buterin acknowledged the value of ETH treasuries but warned of potential liquidation risks if overleveraged.
4. BlackRock's ETHA ETF saw over $100M in inflows, pushing its net assets past $11B, while Grayscale's ETH trust recorded a 5% daily gain.
5. Analysts suggest Ethereum's short-term outlook remains bullish if it stays above $3,840, with $4,000–4,050 as the next target.
Description
Ethereum surged past $3,900 on Friday, driven by a wave of fresh institutional interest and record-breaking flows into ETH-focused treasuries and ETFs. It briefly reached $3,952 before easing to around $3,909 by 2:20 am ET. Analysts believe a test of the $4,000 mark could be imminent. The rally follows a $200m stock offering from SharpLink Gaming , which said it will use the proceeds to expand its Ethereum treasury. Once deployed, the new ETH reserves could push SharpLink’s holdings to more than...
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