Overview
- Ethereum soared past $4,500 to a peak near $4,638, its highest level since late 2021.
- Spot Ethereum ETFs recorded a single-day net inflow of about $1.02 billion, outpacing Bitcoin ETF activity.
- Public treasury firms such as BitMine Immersion Technologies and SharpLink Gaming scaled up ETH purchases, intensifying the on-chain supply squeeze.
- Exchange-held Ethereum reserves dropped to roughly 15.3 million tokens, leading to over $100 million in short liquidations and heightened volatility.
- Bitcoin traded around $120,000–$122,000 on strong spot ETF and corporate demand, lifting total crypto market capitalization above $4 trillion.