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Ethereum (ETH) surged past the $4,000 mark today for the first time this year, driven by a mix of strong institutional buying, corporate treasury adoption, and favorable regulatory developments. The milestone has ignited optimism across the cryptocurrency market, with many traders predicting the start of a major altcoin season.
Institutional Whales on the Move
On-chain data reveals a sharp increase in “mega whale” wallets holding over 10,000 ETH, particularly since early July. An anonymous institution recently acquired $667 million worth of ETH across six newly created wallets, signaling deep-pocket confidence in Ethereum’s long-term potential. Collectively, corporations now hold more than $5 billion in ETH, a significant jump from last year’s figures.
Corporate Treasury Adoption Accelerates
Small public companies have rapidly increased their ETH holdings, now controlling 966,300 ETH—worth about $3.5 billion—compared to just 116,000 ETH at the end of 2024. In a major move, Fundamental Global Inc. is seeking SEC approval for a $5 billion shelf offering to acquire more ETH for staking and treasury purposes. Ethereum co-founder Vitalik Buterin has expressed support for this trend but cautioned against excessive leverage.
Regulatory Clarity and Policy Tailwinds
Ethereum’s rally received an extra push after U.S. President Donald Trump signed an executive order allowing 401(k) retirement plans to include digital assets such as ETH. The announcement immediately boosted market sentiment, with Ethereum gaining over 5% following the news. Regulatory approval of liquid staking has also been a key factor in attracting institutional inflows.
Ecosystem Development and Upgrades
In the technical arena, Vitalik Buterin has proposed EIP-7983, a network upgrade to cap transaction gas at 16.77 million. The change aims to enhance Ethereum’s security, stability, and compatibility with zero-knowledge virtual machines (zkVMs), further strengthening its scalability roadmap.
Market Outlook
Crypto analysts are increasingly bullish, with some predicting that Ethereum’s breakout could trigger a 200%–500% surge in select altcoins. Many see this as the start of a new “altcoin season,” especially as ETH inches closer to historical highs. Combined with institutional demand, corporate adoption, and policy support, Ethereum’s momentum appears set to continue in the coming weeks.