๐ฅ Bitcoin Hits ATH โ Is Ethereum or BNB Next?
Bitcoin has smashed through its all-time high, and Ethereum (ETH) and Binance Coin (BNB) are closing in on their own records. Strong corporate demand and bullish technicals suggest both could be on track for major breakouts โ with ETH eyeing $5,000 and BNB targeting $900.
ETH: Record-Breaking Inflows & Bullish Targets
ETH-focused treasury firms BitMine Immersion (BMNR) and SharpLink Gaming (SBET) have amassed 2.3M ETH in just 10 weeks.
Spot ETH ETFs saw $729.14M in daily inflows Wednesday and $2.27B for the week โ their biggest since launch (SoSoValue data).
Standard Charteredโs Geoffrey Kendrick projects ETH could hit $5Kโ$12K, $6Kโ$18K, or even $7.5Kโ$25K in bullish cycles.
ETH closed at $4,488 Tuesday, then pushed to $4,749 Wednesday โ just shy of the November 2021 ATH of $4,868. A decisive close above could open the door to $5K+.
BNB: Corporate Accumulation & Technical Momentum
Nasdaq-listed CEA Industries purchased 200,000 BNB (~$160M) last Sunday, becoming the largest corporate holder of BNB worldwide after securing $500M in funding from 10X Capital and YZi Labs.
BNB found support at $742 on August 5 and surged 12.5% in eight days, reaching $852 Thursday.
With the July 28 ATH of $861.10 in sight, a breakout could push BNB into price discovery toward $900.
Downside support sits near $793.86 if a pullback occurs.
Bottom Line
Both ETH and BNB are riding historic inflows and corporate demand. If momentum holds, new all-time highs could be just days away.