This cryptocurrency just led the weekend rally to a new four-year high — And it's not bitcoin
The rally was fueled by increasing demand from institutional investors and corporate treasury buyers, according to Bloomberg.
Ether's price climbed as much as 2.9% on Monday morning in Asia, pushing its value above $4,300, its highest level since December 2021.
The top-performing cryptocurrency and Ether's rival, Bitcoin, topped $121,000 to come within striking distance of a record high.
A major driving factor for Ether's recent gains is the growing interest from large-scale investors. Data compiled by Bloomberg indicates that more than $6.7 billion has poured into the nine US-listed exchanged-traded funds (ETFs) for Ether this year alone.
Additionally, the so-called digital-asset treasury companies, which are public entities that hold cryptocurrencies, have stockpiled around $13 billion of Ether so far, giving it a massive boost.
This strong inflow into Ether over Bitcoin points to a 'massive positive sentiment shift' for the digital asset, said Sean McNulty, derivatives trading lead of APAC at digital-asset prime brokerage FalconX Ltd, told Bloomberg.
The bullish sentiment surrounding Ether is reflected in the options markets. Data from Deribit shows an overall put-call ratio of 0.39, indicating that most traders are betting on a price jump.
The highest concentration of call options with a December 26 expiry is at $6,000, suggesting that many investors believe Ether has significant room to rise, Bloomberg reported.
Eric Trump, son of US President Donald Trump, publicly praised the Ether rally on X (formerly Twitter).
This comes as reports emerge of a Trump family-backed venture, World Liberty Financial (WLFI), planning to establish a public company that would hold its WLFI tokens.
Ether has experienced its most significant monthly return in three years, rising by as much as 56%.
This surge has been compared to the performance of '90s tech stocks, driven by substantial inflows into ETFs, according to crypto-exchange platform Binance.
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Hindustan Times
12 minutes ago
- Hindustan Times
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Indian Express
12 minutes ago
- Indian Express
Additional 25% US tariff levy depends on how geopolitical events unfold: Official
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Indian Express
12 minutes ago
- Indian Express
Amid tariff tensions, India hopes for US relations ‘based on mutual respect and shared interests'
India on Thursday expressed hope that its ties with the United States (US) would continue to progress despite escalating trade tensions following President Donald Trump's decision to impose a 50 per cent tariff on Indian goods. 'India and the United States share a comprehensive global strategic partnership anchored in shared interests, democratic values, and robust people-to-people ties,' Ministry of External Affairs spokesperson Randhir Jaiswal said. This partnership, he reaffirmed, has 'weathered several transitions and challenges.' Jaiswal also pointed that defence cooperation remained a strong pillar of the relationship. 'The India-US defence partnership, underpinned by foundational defence agreements, is an important pillar of the bilateral partnership,' he said. This cooperation, he added, 'has strengthened across all domains.' VIDEO | Delhi: 'India-US defence ties are important pillar of bilateral partnership. This robust cooperation has strengthened across several domains. We are expecting US defence policy team to be in Delhi in mid August', says MEA spokesperson Randhir Jaiswal (@MEAIndia), while… — Press Trust of India (@PTI_News) August 14, 2025 'We are expecting a US Defence Policy Team to be in Delhi in mid-August. The 21st edition of the joint military exercise Yudh Abhyas is also expected to take place later this month in Alaska,' Jaiswal said. 'Both sides remain engaged to convene the 2+2 Intersessional meeting at the working-level towards the end of the month,' he added. Trump last week signed an executive order imposing a 50 per cent tariff package on India, including a 25 per cent levy over New Delhi's imports of Russian oil, effective August 27. MEA had called the US move 'unjustified and unreasonable,' vowing to take 'all necessary measures to safeguard its national interests and economic security.' The announcement coincided with preparations for the sixth round of bilateral trade talks, scheduled for August 25 in New Delhi.
