🚨 Ethereum Smashes 4-Year Highs – Eyes on $5,241

📈 Ethereum’s rally is accelerating, with +8.5% gains following a clean breakout above $4,300. According to analyst Ali Martinez, MVRV pricing bands point to a potential next stop at $5,241.

🔍 Key Drivers Behind the Move:

🔹 Institutional Accumulation: While retail traders are selling into strength, large players are buying aggressively.

🔹 Treasury Moves: Bitmine Technologies announced a $25B stock sale to fund more $ETH accumulation.

🔹 ETF Demand Surging: Spot Ether ETFs saw $500M net inflows Tuesday, after hitting $1B the day before. BlackRock’s ETHA alone has surpassed $10.5B AUM.

🔹 Supply Crunch: Daily ETH issuance = 2,428 ETH, while ETFs bought 127,403 ETH in a single day — 52x more than newly issued supply.

⚡️ With minimal resistance ahead and institutions soaking up supply at record speed, ETH’s momentum could carry it to fresh all-time highs — and possibly that $5,241 target sooner than expected.

#Ethereum #CryptoMarkets #Blockchain #ETF

https://coingape.com/ethereum-hits-4-year-highs-leading-crypto-market-rally-as-analyst-sees-5241-next-stop/?utm_source=bnb&utm_medium=coingape