Ethereum, the second-largest altcoin, has surpassed major companies like Netflix and Mastercard in market capitalization and is actively approaching past records.
Ethereum's Relentless Rally
This week, the price of Ethereum (ETH) topped the $4,600 mark for the first time since December 2021. Currently, the altcoin hit an intraday high of $4,682. It is just 5% away from its record set in November 2021.
August and 2025 Forecasts
According to Polymarket data, the chances of Ethereum reaching $5,000 in August are at 59%. The altcoin also has a 28% chance of hitting $5,400 this month. Additionally, experts estimate a 12% likelihood for it to rise to $10,000 by 2025.
ETFs on Ethereum
Ethereum is on track to surpass the SPDR S&P 500 ETF Trust, which manages assets totaling $589.84 billion. Moreover, Ethereum ETFs continue to exhibit strong inflows, recently seeing $523 million in deposits, with over $1 billion recorded in one day previously.
Ethereum continues to impress investors with its growth and shows confident forecasts for the future, attracting market participants' attention.
