🚀 Ethereum Soars Past $3,900 as Institutional Frenzy Fuels $4K Target

Ethereum isn't just flirting with $4,000—it's bulldozing toward it. Treasury desks are snapping up ETH like it's the last lifeboat off a sinking fiat ship.

• Institutional FOMO hits overdrive: BlackRock’s ETF approval was just the appetizer. Now sovereign wealth funds are piling in—because nothing says 'hedge against inflation' like volatile crypto.

• Liquidity crunch incoming? With 27% of ETH supply now locked in staking contracts, exchanges might start rationing withdrawals like a Swiss bank during a gold rush.

• Technicals scream 'moon': The RSI hasn’t seen these levels since the 2021 bull run. Either we’re headed for $5,000… or the mother of all corrections.

Wall Street’s latest 'digital gold' narrative looks suspiciously like their 2017 'blockchain not Bitcoin' pivot. But hey—this time they’re actually buying the dip.

Fundamental Global Eyes Ethereum With $5B Filing as Corporate Holdings Climb

Additionally, Fundamental Global also filed a $5b shelf registration with the SEC to build its own ETH-focused treasury. The firm joins a growing list of companies betting on Ethereum as a balance sheet asset.

Bitmine Immersion Technologies remains the largest public holder, with 833,133 ETH valued at $3.27b. Coinbase holds around 136,000 ETH, while other US-based firms like Bit Digital and BTCS round out the top five. In total, 17 public companies now collectively hold more than 1.74m ETH, valued at nearly $6.9b.

Buterin Sees Value in ETH Treasuries, Flags Potential Liquidation Risks

Ethereum co-founder Vitalik Buterin has welcomed this trend with cautious optimism. On a recent podcast, he said ETH treasuries offer “valuable services” by giving investors more access and flexibility. However, he warned that aggressive leverage could lead to severe liquidations if not managed responsibly.

“If you woke me up three years from now and told me that treasuries led to the downfall of ETH, then, of course, my guess for why WOULD basically be that somehow they turned it into an overleveraged game,” Buterin said.

Are ETH Treasuries good for Ethereum?@VitalikButerin thinks they can be:

“ETH just being an asset that companies can have as part of their treasury is good and valuable… giving people more options is good.”

But he also issues a warning:

“If you woke me up 3 years from now… pic.twitter.com/W55oUD7Lke

BlackRock’s ETHA Tops $11B in Assets After $100M Single-Day Inflow

At the same time, US-listed ETH ETFs have seen record inflows. SoSoValue data shows that cumulative net inflows have hit $9.35b across funds from issuers like BlackRock, Grayscale, and Fidelity. The BlackRock-backed ETHA ETF alone absorbed over $100m on Thursday, helping push its net assets past $11b.

Grayscale’s main ETH trust, now with $25.1b in net assets, recorded a daily price gain of over 5%. Bitwise, VanEck and Franklin also saw modest but steady inflows as investor appetite grew.

Riya Sehgal, a research analyst at Delta Exchange, noted that the high trading volume indicates solid buying interest, driving the price above $3,900.

“With $222.3 million in ETF inflows and Ethereum dominance climbing above 12%, the market is clearly seeing capital rotation from Bitcoin into ETH,” she told Cryptonews. “As long as Ethereum holds above $3,840, the short-term outlook remains bullish, with $4,000–4,050 as the next potential target zone.”

With ETF flows accelerating and corporate treasuries scaling up, the market now appears primed for a strong finish to the quarter.

Traders are watching the $4,000 resistance level as the next key milestone in Ethereum’s momentum-driven run.