The price of ETH has experienced a strong rebound from last week's $3,500, strongly breaking through the $4,000 resistance. This strong bullish momentum of ETH helped the altcoin surpass corporate giants like Mastercard, Netflix, and Exxon Mobil. With a market capitalization of $520 billion, ETH is already among the top 25 global assets.
With another 25% rebound, Ethereum could surpass Visa, Mastercard's competitor, according to data from Companies Market Cap. Market analysts like Arthur Hayes expect the price of ETH to rise to $10,000, amid the recent corporate race for ETH treasury, led by Sharlink Gaming and Bitmine Technologies.
Now, simply doubling the price of Ethereum relative to its current levels would push its market capitalization above that of major global corporations such as Visa, JPMorgan, Walmart, and Berkshire Hathaway. This would also place ETH on the list of assets valued at a trillion dollars by market capitalization and among the top 15 global assets.
Amid last week's strong bullish momentum, ETH whales are in full accumulation. According to on-chain data, over $158 million in Ethereum (ETH) was purchased in the over-the-counter (OTC) market through Galaxy Digital in the last 14 hours.
Additionally, whale address 0x3952 withdrew 8,745 ETH, valued at $37.6 million, from Binance an hour ago. In the past two months, the address has accumulated a total of 65,001 ETH, valued at $281 million, on the exchange at an average price of $2,611, and currently holds over $111 million in unrealized gains.
