Witness history! Ethereum skyrockets to $4887, 44 months in the making, market cap surpasses Mastercard and Netflix
Today, the cryptocurrency market welcomes an epic moment! Binance's market data is like a thunderbolt from the blue, explosively announcing—Ethereum's price soars to $4887, successfully breaking a 44-month record, creating a new historical high and writing a brand new legendary chapter!
This is not just a numerical breakthrough, but a storm that rewrites the financial landscape. Ethereum's market cap is surging, successfully entering the top 25 global tech companies by total market cap. Once unattainable financial giants, such as payment heavyweight Mastercard and streaming leader Netflix, are now easily surpassed by Ethereum, becoming mere background figures.
Ethereum's remarkable feat is by no means accidental. On a macro level, Federal Reserve Chairman Powell's dovish speech at the Jackson Hole annual meeting injected a strong dose of confidence into the market, with expectations for a rate cut in September soaring, releasing vast amounts of liquidity, and risk assets dancing in response, with Ethereum naturally at the forefront, becoming the darling of capital.
From a micro perspective, the continuous influx of institutional funds can be described as Ethereum's "strongest booster." Since the approval of the U.S. spot Ethereum ETF, the asset management scale has quickly surpassed $20 billion. Recently, funds have flowed back in crazily; in just one day, Fidelity's FETH saw a net inflow of $117.9 million, and FBTC also gained $50.9 million, with institutions expressing their strong optimism for Ethereum with real money.
In this wave of rising prices, some have made a fortune, while others are left in despair. According to monitoring, well-known player Huang Licheng has made precise moves, now holding only an ETH (25x) long position, with floating profits reaching $3.12 million, becoming the big winner of this wealth feast; in contrast, many shorts have suffered heavy losses, with liquidation amounts climbing continuously, highlighting the intensity of the market's long-short battle.
After Ethereum set a new high, the market is abuzz with discussions: Is this the rallying horn of a bull market, signaling the official start of a new super cycle? Or is it just a brief pulse, soon to face the risk of a correction? What new catalysts will emerge to push Ethereum further up, or could this be the last straw that breaks the camel's back? Global investors are holding their breath, closely watching the explosive season of altcoins in the cryptocurrency market $ETH $BTC $SOL
