ETH’s Probability of Reaching $5,000 Increases to 26%
Market Summary
ETH Outlook: The probability of Ethereum reaching $5,000 this month increased to 26% from 16%. Institutional accumulation and BTC-ETH flow shifts are driving this momentum. Major liquidity support has been established by institutions.
Key Insights:
- The ETH/BTC ratio is at a local low, indicating a potential rebound.
- Global stablecoin adoption and clearer regulations are strengthening fundamentals.
- XRP is also performing well alongside Ethereum.
- Capital is moving towards new narratives like CRO following Trump's "Cronos Treasury" initiative.
- Hyperliquid surpassed Robinhood in trading volume, indicating retail speculation shifts.
- ETH has outperformed BTC with a 20% gain over the last 30 days compared to BTC's 6% decline.
Current Prices:
- BTC: Trading at $111,733.63; weak on-chain activity noted.
- ETH: Trading at $4,598.67; below its all-time high of $4,946.
- Gold: Trading at $3,410.80 amid safe-haven demand.
- Nikkei 225: Down 0.17% despite Wall Street gains.
- S&P 500: Up 0.41% to 6,465.94 as investors await Nvidia’s earnings.
Other Crypto News
- Trump-backed World Liberty Token could negatively impact retail investors.
- The U.S. CFTC is set to shrink to one member.
- Bitcoin miner Hut 8 surged 10% due to expansion plans for 1.5GW.