Ethereum just smashed past $4,600 — and the reason could set the stage for a massive rally. 🚀
💣 The Big News
BitMine just told the SEC they’re boosting their ETH buying war chest from $4.5 billion to a jaw-dropping $24.5 billion.
That’s an extra $20 billion aimed straight at Ethereum. 💎
💡 Why It Matters:
First-ever $1B Day for US Spot ETH ETFs 💥
Monday saw $1.02B flow into US ETH ETFs — the biggest day ever!
BitMine Wants 5% of All ETH 😳
They already own 1.15M ETH (~$5B) and now they’re going even bigger.
Institutional FOMO
BlackRock’s ETHA brought in $639.7M in a day. Fidelity’s FETH? $276.9M.
Co-founder Moves
Ethereum’s own co-founder Joseph Lubin’s company just spent $600M+ on ETH buys.
📊 Technicals Are Screaming Bullish
ETH just broke out of a bullish pennant and is eyeing $5,000 next.
If it clears its old all-time high of $4,868, we could see ETH in price discovery mode.
💥 Bottom line:
Billions in institutional buying + record ETF inflows + mega corporate ETH grabs = the perfect storm for a new Ethereum ATH.
$5K ETH… sooner than you think? ⏳💎