Ethereum just crossed the $3,900 mark, rising over 62% in the past month, according to CoinMarketCap data.
The move is backed by massive institutional accumulation, rising trading volume, and renewed excitement for altcoins. Traders like MMCrypto now say this breakout confirms the start of Altcoin Season.
Over the weekend, SharpLink Gaming added another 77,210 ETH worth $295 million, bringing their total to 438,017 ETH. The company also announced plans to stake much of its holdings—tightening supply and signaling long-term confidence. Other firms like Bitmine Immersion have followed suit, adding Ethereum to their balance sheets as a core treasury asset.
This momentum is drawing comparisons to Ethereum’s 2017 bull run, but this time with bigger players involved. Trader Merlijn highlighted how Ethereum has reclaimed its 50-week moving average and broken out of a…
