Here's the latest news about Ethereum:
*Price Update*: Ethereum's price has surged past $4,000, fueled by demand from treasury companies and institutional investors. It recently hit a new high of $4,678 and is now nearing its all-time high. Some analysts predict ETH could reach $7,500 by the end of 2025.
*Institutional Adoption*: Several companies, including SharpLink Gaming and Bitmine Immersion Technologies, have been accumulating large amounts of Ethereum. SharpLink's holdings have surpassed 498,884 ETH, valued at over $2 billion. Bitmine aims to raise $20 billion to buy more ETH.
*Market Trends*: Ethereum's market capitalization has grown significantly, with the cryptocurrency now ranking just below Mastercard. Analysts believe ETH could potentially flip Bitcoin in the future.
*Regulatory Developments*: The SEC's statement on liquid staking could pave the way for approval of staking within ETH ETFs. This move has boosted investor confidence and contributed to Ethereum's price surge.
*Whale Activity*: A mysterious whale group known as "7 Siblings" dumped $88 million worth of ETH in 15 hours, sparking concerns about profit-taking. Meanwhile, other whales and institutional investors continue to accumulate ETH.
*Predictions and Analysis*: Standard Chartered has raised its year-end price target for Ethereum to $7,500. Analysts predict ETH could reach $4,500 if it overcomes historical selling pressure at $4,100 ¹ ² ³.
