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Ethereum just crossed the $4,000 mark, buoyed by strong narrative momentum and new capital flowing into altcoins.
What’s the Scoop?
- Narrative Momentum: Ethereum has become the center of a new wave of treasury strategy companies on Wall Street that are continuing to buy up ETH.
- ATHs in reach?: ETH is currently trading 18% below its previous all-time high of $4,878 reached November 10, 2021.
- On-Chain Address Activity: Such strong upward moves often coincide with upticks in active wallet addresses and new network users, reflecting growing adoption in real time.
- Futures Market Shift: ETH perpetual futures trading volume overtook Bitcoin’s for the first time since 2022—a sign that speculative activity is migrating toward Ethereum.
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