Ethereum Now Bigger Than Netflix and Mastercard

Key Points

1. Ethereum's price exceeded $4,600, marking its highest level since December 2021, and reached an intraday high of $7 million.

2. Polymarket bettors estimate a 59% chance ETH will hit $5,000 by August and a 12% chance it could reach $10,000 by 2025.

3. ETH is approaching the market cap of the SPDR S&P 500 ETF Trust (SPY), which has $589.84 billion in assets.

4. Spot ETH ETFs recorded significant inflows, including over $1 billion in a single day and $523 million in another instance.

5. Tom Lee, a prominent ETH bull, predicted the altcoin could rise to $16,000 during the current bullish cycle.