#ETHRally Crypto News Today: Ethereum Price Breaks $4,500, Bitcoin Near $120K, BNB Hits $830 as Inflation Data Fuels Rally

Ethereum (ETH) surges past $4,500 after U.S. inflation data meets expectations.

Bitcoin (BTC) trades just shy of $120,000, supported by Fed rate cut bets.

Binance Coin (BNB) climbs to $830, closing in on its all-time high.

Analysts see room for ETH to test $5,000, BTC to retest $123K ATH, and BNB to break $850 if momentum holds.

Ethereum Breaks $4,500 — Institutional Demand in Focus

Ethereum’s rally past $4,500 marks its strongest move since early 2022, driven by a mix of macro relief and heavy institutional buying. Data from Look on chain shows corporate treasuries have been adding millions of ETH in recent weeks, with BitMine Immersion Technologies and Sharp Link Gaming accounting for more than half of the total ETH held by the top 10 companies.

On-chain analytics also point to large exchange outflows, a sign that investors are moving ETH into cold storage for long-term holding — a bullish signal ahead of potential spot ETH ETF approval.