In a session marked by strong bullish momentum, Ethereum (ETH) has once again broken through the $4,200 barrier, a level not seen since December 2024. The rally was fueled primarily by significant purchases from institutions such as SharpLink and BitMine, which have strengthened their ETH holdings as part of their treasury strategy. Confidence generated by clearer regulatory signals also played a decisive role in boosting the cryptocurrency’s performance in financial markets.
This development not only reflects renewed institutional interest but also marks a turning point in the perception of Ethereum as a safe asset within the crypto environment. The combination of massive accumulation and a favorable regulatory context has laid a solid foundation for potential further gains.
Ethereum has been the best-performing large-cap cryptocurrency over the past 24 hours, accumulating gains of 7.54%. Price stabilization is expected; however, based on current trading charts, it could be expected to surpass $7,000 before the end of the year.
