Ethereum News Today: Ethereum breaks $4000 as institutional demand and policy shift drive bullish momentum

Ethereum has surged past the $4,000 level for the first time since December 2024, sparking renewed optimism among analysts who believe the cryptocurrency could reach $10,000 in the current market cycle [1]. This move has been fueled by strong institutional demand, significant inflows into spot ETFs, and a shift in policy that includes cryptocurrencies in retirement plans, as outlined in a recent executive order signed by President Donald Trump [1].

The price breakout was accompanied by substantial short liquidations, with $105 million in short positions closed as Ethereum crossed the $4,000 threshold [1]. Over the past 24 hours, total Ethereum liquidations exceeded $200 million, contributing to a sharp and rapid price increase [1]. This forced buying dynamic has acted as a tailwind, pushing prices higher as market participants adjust to the new price environment.

Ted Pillows, a notable voice in the crypto space, has described the current market setup as the most bullish he has ever seen [1]. He attributes this to a combination of renewed institutional and corporate interest, as well as the growing inflow of capital into Ethereum through ETFs. Pillows also highlighted the quiet accumulation of Ethereum by institutional actors, suggesting a broader shift in strategy toward long-term value holding.

Ethereum’s market dominance has also climbed to 59%, a figure that historically indicates a shift in investor focus from Bitcoin to alternative cryptocurrencies [1]. Analysts such as Mikybull Crypto and Miles Deutscher have expressed expectations of further gains, with Deutscher forecasting that Ethereum’s rally could precede a Bitcoin price surge to $120,000–$140,000, followed by another Ethereum-led phase [1]. However, Benjamin Cowen cautioned that while Ethereum may be leading the current rally, other altcoins could see their turn later in the cycle [1].

The price movement has also been accompanied by record transaction volumes on the Ethereum network and a 60% rally in its price over a short period [1]. While the prediction of reaching $10,000 is speculative, the current fundamentals—including institutional adoption and policy changes—suggest that Ethereum is entering a new bullish phase [1].

Sources:

[1] "Experts Sees Ethereum Surging to $10000" – TheCoinrise.com – (https://thecoinrise.com/experts-sees-ethereum-surging-to-10000-as-price-breaks-4000-barrier/)

[5] "Messari: Crypto Research, Reports, AI News, Live Prices ..." – Messari – (https://messari.io/)