If I told you that Ethereum's market value has now surpassed that of Bank of America, what would you think? A decentralized network based on code is pushing out century-old traditional giants from the global financial power stage. Yet, at the same time, people are asking: 'Can ETH reach $3000 by the end of the month?'
On one side is the grand value reconstruction, while on the other is the anxiety over short-term gains. This is the true reflection of Ethereum's current situation.
1. Ethereum's market value has surged, forcing traditional finance to 'give way.'
As of now, Ethereum's market value has reached $325.5 billion, quietly surpassing the global financial giant — Bank of America (market value approximately $326.2 billion). This is not only a stage victory for the crypto industry but also a symbol of the transfer of wealth and power.
According to Mlion.ai's AI asset ranking tracking dashboard, Ethereum has currently become the 37th largest asset in the world, achieved without a full backflow of capital. This structural growth is far from explainable by mere speculation.
What is even more noteworthy is that this round of increase does not rely on Bitcoin's correlation, but rather the narrative of ETH itself is reigniting.
2. Technical trends are strong, but $3000 has become a 'psychological wall.'
In terms of price, Ethereum has risen nearly 50% over the past month, climbing from below $2000 to the current $2699, with a daily increase of 2.43%, and the interval high has reached $2731.22.
However, while the market is looking forward to ETH hitting $3000, multiple platforms are predicting more conservatively.
For instance, CoinCodex's model indicates that ETH may pull back to $2469 by the end of May. This suggests that the momentum for a short-term surge may be nearing exhaustion, and the market is more likely to enter a phase of consolidation.
Mlion.ai's price prediction model has also provided similar judgments: the current price is facing technical resistance combined with sentiment divergence. If it fails to effectively break above the $2750 area in the next 72 hours, the probability of a short-term downward pullback will rapidly increase.
3. Sentiment VS Reality: Is the market narrative bubble forming?
While it's certainly exciting news that ETH has surpassed Bank of America, the excitement in the market hides an awkward reality: core data such as Ethereum's on-chain activity, DeFi TVL, and Gas fees have yet to synchronize with the price rebound.
What does this mean? It means we may be at a critical point of 'overheated sentiment.'
The RSI indicator has approached the overbought zone;
On-chain trading volume has only seen moderate growth over the past week;
The locked value in DeFi protocols has still shrunk by nearly 60% compared to the peak in 2021.
Through Mlion.ai's on-chain data integration and sentiment hedging engine, one can see a fact: the funding structure is becoming imbalanced, and price expectations are beginning to decouple from the fundamentals.
4. $3000 is not the end point, but a test of consensus.
For short-term speculators, ETH reaching $3000 is a contest of 'heroism based on success or failure'; but for those who truly understand the evolution of ETH's network value, $3000 is more like a confirmation of the next narrative node.
Especially as Ethereum 2.0 gradually advances and EIP upgrades enter the implementation phase, ETH's value will increasingly be linked to real application scenarios and locked-in capital within the ecosystem.
At this point, using the AI research tool from Mlion.ai to automatically generate dynamic reports on changes in ETH's on-chain governance mechanism, staking participation trends, and cross-chain application activity may be the key path to determining whether 'ETH has the ability to sustain an upward trajectory.'
5. Conclusion: After reaching the peak market value, the question is not whether it can rise, but on what basis it can rise?
Ethereum surpassing Bank of America is destined to become a landmark moment in the history of cryptocurrency development. But this does not mean that short-term prices can rise indefinitely. What we should focus on is whether this network has the 'underlying logic' to support a higher valuation.
If you only focus on price fluctuations, it's easy to be misled by short-term volatility. But if you can leverage platforms like Mlion.ai to deeply analyze on-chain structures, trading distributions, whale behaviors, and social sentiment dynamics, then you can go beyond price appearances and understand the story behind the trends.
Disclaimer: The above content is for information sharing only and does not constitute any investment advice. Virtual assets are highly volatile; please assess your own risk tolerance before investing.