Bitcoin is holding above $108,000 while Ethereum saw a 3% jump, fueled by renewed institutional interest. Traders and analysts alike are looking ahead to potential record highs over the coming summer months.

🔹 Ethereum Gains Momentum from Treasury Reserve Strategy

ETH climbed above $2,635 on Wednesday, marking a 3% daily increase. The surge is not just technical — it's largely driven by the announcement of a new treasury reserve initiative backed by Ethereum.

Ethereum co-founder Joseph Lubin and development firm ConsenSys unveiled a $425 million plan to purchase ETH as part of a treasury reserve system for publicly listed company SharpLink. The move has drawn comparisons to MicroStrategy’s Bitcoin-focused reserve strategy.

According to a press release, the deal is expected to close on May 29, after which Lubin will become chairman of the board. The announcement has significantly boosted investor confidence in Ethereum’s long-term value.

🔹 Bitcoin Holds Steady, Eyes Breakout

BTC is currently trading around $108,800, maintaining a tight range between $107,000 and $110,000. Traders are betting on a breakout to new all-time highs during the summer — but remain cautious in the short term.

Bitcoin exchange-traded funds (ETFs) recorded a fresh inflow of over $385 million, signaling ongoing institutional demand.

Positive macroeconomic trends are also fueling optimism. U.S. stock markets surged after Memorial Day weekend, with the Nasdaq up 2%. Investors shrugged off job market concerns, focusing instead on improved U.S.-China trade relations and stable treasury yields.

🔹 Eyes on Las Vegas Conference

Caution remains ahead of the upcoming Bitcoin conference in Las Vegas, where speakers include JD Vance, Michael Saylor, and members of the Trump family. Past appearances have triggered significant market reactions — Trump’s speech last year in Nashville, for example, led to a 30% drop in BTC.

“Volatility remains elevated,” warned QCP Capital. “Traders remember last year’s sharp moves and are adjusting their positions. Activity in perpetual futures is declining, and funding rates are stabilizing.”

Some smaller investors, like James Wynn, appear to be reducing exposure as well.

🔹 Outlook: Short-Term Caution, Long-Term Growth

Despite near-term uncertainty, the overall sentiment remains optimistic. As Augustine Fan, head of analysis at SignalPlus, noted in a Telegram statement:

“The underlying market structure is strong. Positive macro factors and growing investor confidence are paving the way for new highs this summer.”




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