TL;DR
- Ethereum surged 6% in 24 hours, climbing from around $2,970 to above $3,150 and marking its strongest single-day rally since February.
- Its market cap topped $375 billion, surpassing Johnson & Johnson to become the world’s 30th largest asset.
- As Bitcoin’s rally cooled, capital rotated into ETH, driven by institutional ETF inflows, whale activity, and FOMO toward a potential $3,500 next target.
Ethereum’s latest price explosion didn’t just push its token value skyward; it vaulted its entire market capitalization past $375 billion, edging out Johnson & Johnson to claim the 30th spot on the global asset leaderboard. This landmark achievement underlines Ethereum’s transition from niche blockchain to mainstream financial powerhouse, cementing its role as a digital asset on par with blue-chip corporations and precious metals.
Explosive Rally: ETH Rockets Past $3,150
The catalyst? A blistering 6% surge in just 24 hours, propelling ETH from roughly $2,970 to over $3,150. Traders woke up to an avalanche of green candles as buy-pressure flooded in, marking Ethereum’s strongest single-day rally since its February highs.
Volume spiked across major exchanges, triggering a wave of stop-loss liquidations and fueling even more upside momentum. At the time of writing, Ethereum continues its upward momentum, trading at $3,156, and increasing by more than 6%.
Bitcoin Slows, Ethereum Steals the Spotlight
While Bitcoin flirted with records around $118,000, profit-taking set in, leaving Bitcoin’s momentum to stall. Capital rotated swiftly into Ethereum, whose robust on-chain activity and smart-contract ecosystem renewed investor enthusiasm. ETH’s outperformance against BTC became unmistakable as the ETH/BTC pair popped above its 200-day moving average, a classic signal that altcoins are ready to lead the next leg of this bull market.
Institutions, ETFs, and FOMO: Fueling the Next Leg
Beyond retail excitement, institutional flows have poured into Ethereum-based exchange-traded products, with over half a billion dollars funneled in since the start of the month. Corporate treasuries quietly amassed hundreds of thousands of ETH, viewing it as a hedge against inflation.
Social sentiment metrics and on-chain whale activity hit multi-month highs, stoking the fear of missing out. As Ethereum cements its status among global heavyweights, the relentless convergence of institutional clout and retail frenzy sets the stage for potential targets north of $3,500, assuming it holds above key support at $2,900.
With a market cap rivaling long-established conglomerates and price action defying gravity, Ethereum’s unstoppable ascent is no flash in the pan; it’s a defining moment in the crypto revolution.
