Corporate treasuries now competing for 5-10% of total ETH supply, boosting demand significantly.
Ethereum (ETH) has surged past the $4,000 mark for the first time since December last year. This time, the push is being fueled not just by retail traders, but also by large institutional investors shifting their treasuries toward Ethereum.
Well-known Crypto trader Aaron Bennett believe ETH’s breakout has stronger foundations than in past cycles as he predict ETH to hit $10,000 soon.
According to crypto trader Aaron Bennett, Ethereum’s current market “risk level” is around 0.689 on historical charts, well below the 1.0 level that usually signals a market top.
The last time ETH crossed $4,000 in late 2024, the risk level was much higher, and the price quickly dropped. This time, Bennett believes the market is much healthier, giving Ethereum more room to grow.
Meanwhile, on-chain data also shows Ethereum starting to outperform Bitcoin, a trend that has often come before strong ETH rallies in the past.
Bennett adds that while Bitcoin could still aim for $250,000, Ethereum might climb to $10,000 or more, and it could do so alongside Bitcoin’s rise, rather than at its expense.
A key driver this time is the arrival of corporate treasury buyers competing to acquire 5-10% of Ethereum’s total supply. For example:
Institutional adoption is also accelerating. With 13 of the top 25 U.S. banks already working on Bitcoin products, many are expected to build Ethereum-based services, boosting ETH’s role in both DeFi and traditional finance.
Ethereum ETFs are seeing heavy inflows too, on August 8, ETH ETFs recorded $461 million in inflows, while Bitcoin struggled to match the momentum.
Crypto trader EllioTrades believes Ethereum could see massive gains by 2026 if demand keeps rising. Speaking on Altcoin Daily’s YouTube channel, he said a “fair value” could be over $50,000 per coin given Ethereum’s growing importance.
But he expects ETH could realistically trade above $15,000 by the end of the year. If big institutions build financial systems on Ethereum and its Layer 2 networks, he sees ETH following Bitcoin’s growth path.
Currently, ETH trades around $4,175, up 2% in the past week, with a market cap of $503.5 billion.
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