The largest subcoin Ethereum (ETH) $4,274.22with its market value, Netflix (NFLX) and Mastercard (MA) have passed closely and follows the American pharmaceutical giant Eli Lilly. ETH, which exceeded 4 thousand 600 dollars on Tuesday, reached the highest 4 thousand 682 dollars in Wednesday. ETH, which has first approached the record level for the first time since November 2021, needs a 5 percent rise for the new summit.
Ethereum walks step by step towards the record threshold
Ethereum’s price movement in the last two days has enabled the market value to leave the top companies behind. The price of the powerful purchase wave and the increase in transaction volume brought almost three years after re -summit levels.
Investors at the estimation platform Polymarket Eth84 percent of the possibility of reaching a level of 5 thousand dollars in the year Pricing. The probability of rising to 6 thousand dollars is priced as 59 percent. In the medium term, the probability of seeing the price of 10 thousand dollars by the end of the year is priced as 12 percent.
Famous Market Analyst Tom LeeIn the current rise cycle, ETH can rise up to $ 16,000. This ambitious estimate increases optimism when evaluated with the current price acceleration and the intensity of investor interest.
CompaniesMarketcap according to data If Ethereum maintains the acceleration of the existing rise, asset size is 589.84 billion dollars SPDR S&P 500 ETF Trustwill catch the (SPY). If this happens Crypto Money MarketIt will be confirmed that it has reached the scale to be compared with large traditional investment instruments.
Spot Ethereum ETFs support rise
On the other hand, in the USA Spot Ethereum ETFStrong entries in their ‘s support the current table. According to Sosovalue data, 523 million additional entries to ETFs on August 12 were entry. On Monday, for the first time in history, one -day entrances exceeded $ 1 billion.
The ongoing demand helps to maintain the strong acceleration of the price. Ethereum strengthens the likelihood of climbing to the higher row in the market value race.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
