Ethereum (ETH-USD) surged Wednesday, climbing more than 5% to trade above $4,680—just shy of its all-time high from 2021—as institutional enthusiasm builds for what some analysts are calling the defining investment of the next 10–15 years.
The world’s second-largest cryptocurrency by market capitalization has jumped more than 50% since last month’s passage of the GENIUS Act, legislation designed to establish regulatory guardrails for the stablecoin industry. Ethereum, the underlying blockchain infrastructure for many stablecoins and decentralized applications, has been the primary beneficiary of the law’s clarity.
Fundstrat head of research Tom Lee reiterated his bullish stance in a Wednesday note, calling Ethereum “the biggest macro trade” of the next decade. Lee highlighted that most of Wall Street’s crypto-related projects, along with the majority of stablecoins, are being built on Ethereum’s network. Fundstrat now projects ETH could reach $15,000 by the end of 2025.
Regulatory developments have further fueled momentum. The SEC’s recent “Project Crypto” initiative aims to modernize oversight of digital assets, providing more defined rules for market participants. This, combined with strong corporate treasury interest in Ethereum—mirroring MicroStrategy’s (MSTR) well-known Bitcoin strategy—has accelerated capital flows into the token.
Spencer Hallarn, global head of OTC trading at GSR, told Yahoo Finance that institutional inflows have reinforced the rally. “This positive price momentum has reinforced further investor enthusiasm and flows into the space,” he said.
Some companies are taking aggressive positions. BitMine Immersion Technologies (BMNR), chaired by Lee, announced plans this week to sell up to $20 billion in stock to fund Ethereum purchases, with a goal of acquiring 5% of all ETH in circulation. BMNR shares have soared about 80% in the past five days. Similarly, gaming and sports betting operator SharpLink Gaming (SBET) and blockchain technology firm BTCS (BTCS) have gained roughly 8% each over the same period.
Over the past five sessions, Ethereum has risen 16%, far outpacing Bitcoin’s (BTC-USD) 4% gain. Analysts suggest the combination of regulatory clarity, corporate adoption, and bullish market sentiment could push ETH into uncharted territory before year-end.
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