In the last 24 hours alone, ETH jumped over 8%, hitting $4,704.37, with more than $1 billion flowing in from heavyweights like BlackRock, Fidelity, and Grayscale.
The momentum is strong, and market sentiment is clearly leaning bullish. Prediction platform Polymarket is now pricing in a 65% chance of Ethereum hitting $5,000 by the end of August — a sign that traders and investors alike see room for even more upside.
Ethereum’s market cap has climbed to $567 billion, putting it ahead of companies like Netflix and Mastercard. With institutional inflows rising and market optimism building, ETH is positioning itself as one of the standout assets in this cycle — and the $5K milestone might be closer than many think.
