Ethereum Hits 2021 Record by Surpassing $4,500
The price of Ether (ETH) surged by 5% in just 24 hours, crossing the $4,500 mark, a high not seen since December 2021. This milestone is no coincidence as markets, institutional investors, and corporate giants rally behind Ethereum, creating a volatile mix for its value.
The Fed Opens a Door, Market Rushes In
The latest report on US inflation has reignited speculation about a rate cut by the Federal Reserve as soon as September. Although inflation remains above the targeted 2%, investors see a whiff of looser monetary policy as enough to reignite appetite for risky assets, with crypto at the forefront. And when Wall Street thinks “managed risk,” Ethereum is increasingly in the conversation.
Bitmine Immersion and ETFs: ETH Powerhouses
Owning approximately $5 billion in ETH already, Tom Lee’s Bitmine Immersion Technologies aims to raise up to $20 billion to acquire even more. This unprecedented move places Ethereum at the heart of a new wave of institutional accumulation, signaling to heavyweights that ETH is not merely a “runner-up”, but a strategic asset to hold.
ETH Spot ETFs Crush Competition
While Bitcoin stalls, ETH spot ETFs in the US are seeing record numbers: over $1 billion in a single day on Monday, surpassing their Bitcoin counterparts. As a result, the ETH/BTC ratio has climbed above 0.37, an increase of nearly 50% in a month. The reasons? A mix of technical optimism and Ethereum’s unique catalysts: recent network upgrades, DeFi activity resurgence, and the growing perception that the ecosystem has become the backbone of tokenized finance.
“Wall Street’s Blockchain”
Analysts like Axel Rudolph (IG) and David Siemer (Wave Digital Assets) insist that Ethereum is no longer just for developers and early adopters. It is the infrastructure where financial assets are tokenized, where settlement platforms arise, and where DeFi is anchored. Add to that reinforced regulatory clarity in the US, the passed GENIUS law, and companies like Bitmine, Ether Machine, and Sharplink massively adding ETH to their reserves… and you have an alignment of stars seldom seen.
What’s Next?
If the Fed confirms a rate cut, the combined effect of looser monetary policy, sustained ETF demand, and institutional strategic purchases could propel ETH even higher. But history reminds us that every rapid ascent is accompanied by sharp corrections. For now, Ethereum holds the reins… and both Wall Street and the crypto realm seem ready to follow suit.
