Ethereum [ETH] has recently been on a significant rise, with the price reaching around $3825 by the morning of July 21, just a step away from the historical high of $4,868.8 in November 2021. SharpLink plans to sell $5 billion in stock to increase its holdings in Ethereum. Will this drive the price of ETH to set a new historical high?

Next, let's analyze the situation in detail using institutional data, ETH historical candlestick charts, and the inflow of funds into ETH spot ETF institutions to see if this wave of ETH can break $5000!

In this wave of increase, Ethereum's market capitalization has reached the 29th position.

If this wave can effectively break through $5000, the market capitalization will rank in the top 20. It is highly likely that the market capitalization will exceed $1 trillion in this round of bull market!