Shocked! Ethereum skyrocketed 35% to challenge $3000, a trillion-dollar security plan shockingly released!
This week, Ethereum (ETH) surged 35%, leading all mainstream cryptocurrencies and even outperforming popular meme coins like Solana. With the current momentum, ETH is highly likely to break through the $3000 barrier, with the next target set at $4100, and even challenging the historical high of $4900.
The technical indicators show that as long as it maintains the support at $2400, the upward trend of ETH remains unchanged. After breaking through $2800, reaching $3000 seems almost certain. On-chain data reveals that over $1.2 billion worth of ETH flowed out of exchanges last week, with funds shifting towards holding and DeFi, indicating a bullish outlook.
The Ethereum Foundation has simultaneously launched a "trillion-dollar security plan," which aims to enhance network security in three phases, targeting to provide security guarantees for billions of users globally and manage over a trillion dollars in assets through smart contracts. This move responds to the trend of institutions pushing for tokenization and the expansion of DeFi.
Blockchain company BTCS is keeping pace, announcing the issuance of $57.8 million in convertible bonds to expand its Ethereum validator node layout and enhance ETH staking returns. BTCS CEO stated that this is an Ethereum accumulation action similar to MicroStrategy, expecting to bring stable income and asset appreciation.
Institutional funds are also pouring in madly, with over $63 million bought in 24 hours, and the total net inflow exceeding $2.5 billion. The U.S. spot Ethereum ETF has already controlled nearly 3% of circulating ETH.
Conclusion: Ethereum is not only experiencing a price surge, but its ecosystem expansion and institutional favor are in sync, indicating enormous future potential, and the investment frenzy is continuing to heat up!