After Bitcoin, Ethereum Approaches Historic Milestone

(Dan Tri) - In terms of capitalization, Ethereum is currently the second largest cryptocurrency on the market, after Bitcoin.

Ethereum (ETH) price had a spectacular breakout on the evening of August 13, soaring to $4,730, according to data from Coin Metrics .

This price is approaching the historical peak that this cryptocurrency set in November 2021, opening up expectations for a new era of growth.

Ethereum is currently the second largest cryptocurrency on the market (Photo: InvestX).

Experts say that if the buying momentum of cryptocurrency investors is maintained, Ethereum will likely continue to increase in price and set an all-time high next week.

This is the opinion given by CNBC , reflecting optimism about the potential of this digital currency.

With the second largest market capitalization after Bitcoin, Ethereum's strong growth has not only strengthened its position but also played an important role in promoting the development of a series of other altcoins in the market.

Inflows into Ethereum ETFs have reached $1.5 billion in recent weeks and continue to rise, indicating high institutional demand for the digital asset. This is a positive sign, affirming investors' confidence in the future of Ethereum.

Geoff Kendrick, head of digital asset research at Standard Chartered, made an ambitious forecast: Ethereum price could reach $7,500 by the end of this year and even jump to $25,000 by 2028.

These numbers show ETH's huge growth potential in the long term.

Joseph Lubin, co-founder of Ethereum, commented that the current period is "very favorable" for Ethereum.

He revealed that more and more companies are building reserves in ETH, similar to how MicroStrategy moved all its reserves from cash to Bitcoin in 2020. This shows that the acceptance and integration of Ethereum into corporate financial strategies is growing.

Ethereum could continue to rise in price if crypto investors maintain their current buying momentum (Photo: CNBC).

“There has never been an ecosystem as large and mature as Ethereum. Bitcoin is a special case, but Ethereum is the backbone of Web3,” Lubin asserted, emphasizing Ethereum’s foundational role in building the future of the decentralized internet.

Ethereum’s recent price surge has also brought co-founder Vitalik Buterin back into the crypto billionaire club. According to Arkham Intelligence , Buterin now holds 240,042 ETH, worth over $1 billion, a testament to the success and value of the project he started.

Source: https://dantri.com.vn/cong-nghe/sau-bitcoin-ethereum-tien-gan-cot-moc-lich-su-20250813222658048.htm