Ethereum is selected for $ 4000

The second in capitalization of cryptocurrency continued confident growth – over the past day, the asset has risen in price by 3.68%, according to CoinmarketCap.

The price is approaching the psychological level of $ 4000. The last time on such high marks was the broadcast in mid -December last year.

At the time of writing, the asset is traded in the area of $ 3930. The growth from the beginning of the year was ~ 62%.

Hype around ETF

Along with bitcoin, ether attracts institutional. From July 21 to July 25, the pure flow of funds to the spot-free Ethereum-ETF reached $ 1.85 billion-the second largest weekly indicator from the moment of launch of products in July 2024.

A positive trend is observed for 16 consecutive days. The cumulative net inflow in investment products reached $ 9.33 billion. The total amount of assets running ETF providers exceeded $ 20.66 billion – 4.64% of the Ethereum market capitalization.

Corporate demand

The volume of cryptocurrency on the balance of public companies reached 2.32 million ETH (~ $ 9.11 billion at the current rate) – 1.92% of the total offer of Ethereum.

The most aggressive strategy is adhered to by Bitmine Immersion Tech, associated with a notorious Fundstrat researcher Tom Lee. On the balance of the company ~ 566 800 ETH with a total value of $ 2.23 billion (over the past 30 days, the volume of “digital reserves” increased by 247%.

On the second line of the rating is Sharplink Gaming, supported by the co -founder of Ethereum Joseph Lyuin.

According to Arkham, in the evening of July 27, the company acquired 77 210 ETH; The volume of reserves reached 428 017 ETH (~ $ 1.67 billion).

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Source: Cryptocurrency

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