🚀 $ETH +14 % up to $4,870: historic record with institutional momentum and the Fed in favor
Brief, powerful, and viral content:
Ethereum skyrocketed 14 % to surpass $4,870, reaching a new historic record following dovish comments from Jerome Powell at Jackson Hole. Markets reacted with euphoria anticipating a rate cut.
ETH spot ETFs received record inflows, driven by large institutional investors seeking exposure to this cryptocurrency, which now represents more than 35 % of the market.
BlackRock led with $287 M in net ETF inflows, raising total reserves to 6.42 million ETH (approximately 5.3 % of the circulating supply).
Corporations like BitMine and SharpLink Gaming added significant ETH purchases, strengthening the trend of institutional accumulation.
Are you joining the rally or waiting for the correction?
