Ether achieved a significant milestone by rising above $4,000 for the first time since December. The asset recorded a 3.5% increase over the previous day amid market conditions characterized by stable bitcoin performance. Trading data showed heavy volume concentrated at $4,000 and above, reflecting robust demand for the token from various market participants.
The broader cryptocurrency market reflected mixed outcomes. Bitcoin remained largely unchanged, maintaining a price near $116,800 and contributing to a rising ETH/BTC ratio that approached the highest level observed in 2025. Performance metrics indicated that Ether outperformed major competitors in the 24-hour period.
Analysis of on-chain metrics revealed increased activity in addresses interacting with decentralized applications on the Ethereum network. Smart contract interactions and treasury company holdings saw a notable uptick, with leading firms reporting favorable earnings alongside token appreciation. Network fees on Ethereum also demonstrated a mild increase, correlating with elevated transaction throughput.
Market observers attributed the rally to a combination of factors including anticipation of interest rate cuts, resolution of legal cases affecting major tokens, and ongoing developments in decentralized finance protocols. Specific catalysts included conclusion of certain regulatory actions and continued infrastructure upgrades on Ethereum’s mainnet and layer-2 solutions.
Looking ahead, price action around key support and resistance levels will remain critical. Technical indicators project potential consolidation in a narrow band between $4,050 and $4,100, while a breakout above these levels could signal further upside momentum. Market participants will monitor upcoming macroeconomic events and regulatory announcements for additional guidance.
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