Ethereum Defies Expectations and Passes $4,500: Factors Behind the Surge

Key Points

1. Ethereum's price surge is supported by six key factors: ETH ETFs with $1 billion daily net inflows, 401(k) plans including cryptocurrencies, stablecoins hitting a $270 billion ATH, the upcoming CLARITY Act, and Ethereum supply on exchanges at an all-time low.

2. 64 crypto treasury companies collectively hold over $16 billion in ETH, with total reserves exceeding 3.5 million ETH, and recent ETF inflows adding $1 billion.

3. Two companies applied for $24.5 billion in ETH each, potentially increasing total assets held by these firms to $46 billion.

4. The ETH/BTC pair broke the 0.0375 resistance, with potential for ETH to reach $9,600 if it hits the 2021 peak of 0.089 BTC.

5. The altcoin bull market is expected to continue under favorable conditions, with institutional and ETF-driven demand playing a significant role.