Ethereum Cracks $4,000 for First Time in 8 Months

Key Points

1. Ethereum's price hit $4,000 on Coinbase, marking a 4% increase over 24 hours but still 18% below its 2021 peak of $4,878.

2. The cryptocurrency has rallied over 50% in the past 30 days as Ethereum treasuries have grown significantly.

3. Institutional investors like BitMine Immersion and SharpLink Gaming have accumulated $2.9 billion and $1.9 billion in ETH, respectively.

4. U.S. Ethereum ETFs have seen over $9.3 billion in net inflows since their debut, according to Farside Investors.

5. A Myriad Linea Markets survey indicated 76% of participants expected Ethereum transactions to exceed 12 million for the week.