Ethereum Taps $4,600 as Bulls Set Sights on $6K
Main Idea
Ethereum's price surged past $4,600, nearing its historic high, with bullish sentiment driven by ETF inflows, institutional adoption, and technical breakouts, leading to predictions of $6,000-$10,000 per ETH.
Key Points
1. Ethereum (ETH) price reached $4,629, up 8% in 24 hours and 28% for the week, nearing its all-time high of $4,878.
2. ETH's market valuation stands at $549 billion, with a sharp rebound from its April 2025 low of 0.019 BTC to 0.038 BTC.
3. Ethereum ETFs attracted $5.39 billion in July, contributing to bullish sentiment and price predictions of $6,000-$10,000.
4. ETH saw $144.55 million in liquidations, with $107.19 million from short positions, topping the day's $375.74 million total.
5. Growing institutional adoption and technical breakouts are fueling optimism for Ethereum's continued price rally.
Description
Ethereum’s ( ETH) price climbed past the $4,600 mark Tuesday, hitting an intraday peak of $4,629 per token on Deribit. Over the last 24 hours, ether gained 8% against the U.S. dollar and is up nearly 28% for the week. ETH Blazes to $4.6K, Just 7% Away From Historic High The rally shows no sign
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