Ethereum Tests $4000 level
These days, the cryptocurrency market is literally on fire, and this is not only because Bitcoin has reached a new peak, but also because Ethereum (ETH) has made a huge move and achieved new numbers. Let's elaborate a little and understand what happened.
Bitcoin, the currency that was just an idea a few years ago, achieved another record when it broke the $ 103,000 barrier. This means that we are talking about 6 figures in the price of one currency! This number is not just an ordinary achievement, but a sign that cryptocurrencies have become an essential element in the global economy.
It's not just Bitcoin in the picture, Ethereum did not fall short either. Its price reached more than $ 4,000, and this is its highest level since March 2024. It is true that the price dropped a little after that, but the big gain is clear, and this made people focus on Ethereum as one of the main players in the market.
Why are prices rising like this?
- Institutional Demand
Demand for Ethereum has increased significantly from financial institutions. Data shows that Ethereum ETFs received more than $1 billion in just one week! A large company like BlackRock alone pumped $788 million, which is evidence that large institutions see a promising future in it.
- Political Events
Politics also played a major role, especially in America. US President Donald Trump appointed figures like Paul Atkins and David Sachs, who are known for their support of cryptocurrencies. These appointments sent a message that the government could be more open to this market.
- General Momentum in the Market
The whole market is optimistic due to the large gains in the recent period, and this made investors enter with more money, and raised the prices of large currencies such as Bitcoin and Ethereum.
What could happen next?
Bitcoin: Is it possible for it to reach 150 thousand or more? It is very possible, especially if demand continues and institutional investments increase.
Ethereum: The future looks good, especially with projects like expanding its use in smart contracts and NFTs.
But let's be realistic: this market is very volatile, and big increases are sometimes followed by strong corrections. Therefore, anyone entering this field must understand that it is a big risk.
Bitcoin and Ethereum prove every day that they are more than just a "trend". With large investments and political support, this market is on a strong path. But we must still be careful and think carefully before taking risks, because big gains always come with big risks.
