The Ethereum price (ETH) is holding strong at $4,421 today, consolidating after a powerful rally even as the wider crypto market takes a breather.
The second-largest cryptocurrency is now up 17% in the past week, 45% over the last month, and an impressive 67% year-on-year.
This surge follows a record-breaking July, when Ethereum’s CME futures volume hit an all-time high of $118 billion, signaling growing institutional interest and setting the stage for what could be its next major breakout.
This signals a massive rise in institutional demand for the token, and when combined with its superior fundamentals, it also points to a very positive long-term Ethereum price prediction.
