🔥Ethereum Returns to the Top! The Price of ETH Surpasses $4,000 🚀
Today was an exciting day for the world of cryptocurrencies, as the price of #ether (#ETH ) surpassed the
$4,000 mark for the first time in eight months. After a period of struggle, especially against #bitcoin (#BTC ), ETH has made an impressive rebound, increasing more than 50% in the last month. This growth is a positive sign for all those closely following the market, as it demonstrates the strength and recovery of the digital asset.
Behind this increase is a key factor: Ethereum treasury companies. These firms have been buying and accumulating billions of dollars in ETH over the past few weeks. This is not a coincidence; they are following the example of Michael Saylor, who pioneered a similar strategy with Bitcoin. With this growing institutional demand, the value of ETH has been significantly boosted, suggesting a promising future for the second-largest cryptocurrency
in the world.
In addition to the massive purchases by companies, other factors are also contributing to the surge. Inflows into #Ethereum ETFs have outpaced those of Bitcoin ETFs, and the Ethereum network has reached a new record in daily transaction numbers. This shows that not only are large investors involved, but also the daily use of the network is at an all-time high.
Although we are still 18% below its all-time high, the current momentum is undeniable. With so many positive developments, do you think ETH will soon surpass its previous record?
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