Ethereum has surged to near-record territory, with the world’s second-largest cryptocurrency climbing 0.7% on Thursday to trade above $4,700 per token. This impressive rally brings ETH tantalizingly close to its 2021 peak, driven by growing institutional confidence and regulatory clarity in the digital asset space.
Wall Street analysts are positioning Ethereum as a transformational investment opportunity for the coming decade. Market research firm Fundstrat has boldly declared Ethereum “the biggest macro trade over the next 10-15 years,” pointing to the cryptocurrency’s dominant role in hosting the majority of Wall Street crypto projects and stablecoins. The firm’s ambitious price target of $15,000 by year-end reflects this bullish outlook, as Ethereum has already outpaced itcoin">Bitcoin with a 16% gain over the past five trading sessions compared to itcoin">Bitcoin’s 4% rise.
The recent surge can be attributed to two key regulatory developments that have boosted investor confidence. The passage of the GENIUS Act last month, which establishes regulatory frameworks for the stablecoin industry, has contributed to Ethereum’s impressive 50% gain since the legislation was enacted. Additionally, the Securities and Exchange Commission’s “Project Crypto” initiative, designed to modernize regulation">digital asset regulations, has provided further momentum to the rally.
Corporate adoption is accelerating as companies increasingly mirror MicroStrategy’s bitcoin treasury strategy by adding Ethereum to their balance sheets. BitMine Immersion Technologies recently announced plans to raise up to $20 billion to acquire Ethereum, targeting an ambitious goal of holding 5% of all outstanding ETH tokens. This corporate buying pressure, along with similar moves by gaming company SharpLink Gaming and blockchain firm BTCS, has created sustained upward momentum as institutional inflows continue to support higher price levels across the Ethereum ecosystem.
