💥 Bitcoin Hits All-Time High — Is Ethereum and BNB Next?

Ethereum and BNB are nearing record levels as Bitcoin breaks new highs. Strong institutional interest in ETH and BNB is driving the upward momentum. Both coins are showing bullish trends, with potential targets around \$5,000 for ETH and \$900 for BNB.

Technical indicators suggest ETH and BNB could reach \$5,000 and \$900, respectively. Ethereum-focused firms BitMine Immersion (BMNR) and SharpLink Gaming (SBET) accumulated 2.3 million ETH in 10 weeks. According to SoSoValue charts, spot ETH ETFs recorded \$729.14 million in daily inflows on Wednesday and \$2.27 billion this week, marking the largest weekly inflow since inception.

Geoffrey Kendrick, Head of Digital Assets Research at Standard Chartered, projected ETH targets ranging from \$5,000–\$12,000, \$6,000–\$18,000, and \$7,500–\$25,000.

BNB’s institutional demand also remains high, pushing prices near its July 28 ATH of \$861.10. Nasdaq-listed CEA Industries purchased 200,000 BNB for \$160 million on Sunday, becoming the largest corporate holder of BNB globally after a \$500 million private placement by 10X Capital and YZi Labs to establish the first US BNB Treasury Company.

Ethereum bulls target \$5,000. ETH surpassed \$4,000 on Saturday and closed at \$4,488 on Tuesday, exceeding the December 9, 2021 high. The next day, ETH rallied past \$4,749 and hovered around \$4,745 on Thursday, approaching its record of \$4,868. If buyers maintain momentum, ETH could retest this all-time high and potentially move above \$5,000.

BNB is poised for \$900. After finding support near \$742 on August 5, BNB gained 12.5% over eight days, trading at \$852 on Thursday. If it breaks its ATH of \$861.10 from July 28, BNB could enter a price discovery phase, aiming for \$900. In case of a pullback, support lies around \$793.86.