$ETH #AltcoinBreakout

Ethereum's market capitalization has exceeded $456 billion, surpassing asset management giant Vanguard, rising to 28th place in global assets.

Once this data was released, ETH surged to a new high of $3,750, a 6.14% increase in 24 hours, feeling like a shot of adrenaline.

Combined with U.S. Treasury Secretary Yellen's comments on the dollar being on-chain and the passage of the GENIUS Act, these regulatory-friendly signals are stimulating institutional demand for ETH.

However, Bitcoin's market share has dropped below 61.15%, and the signs of an altcoin season are becoming increasingly evident, with CFX surging 110% in 24 hours as an example.

ETH ETFs saw a net inflow of $2.18 billion this week, and its market capitalization could still rise, but caution is needed regarding the Federal Reserve's interest rate policy. Secretary of Commerce Raimondo mentioned that Powell's rates are too high, and expectations for rate cuts could impact crypto liquidity.