Ethereum surged to $4,300 after a 21% weekly rally, lifting its market capitalization above $520 billion and surpassing Mastercard, Netflix, and Exxon Mobil. This rally placed Ethereum as the 22nd largest global asset, fueling speculation of further gains. Analysts expect Ethereum to challenge Visa’s market position in the near term.
Ethereum’s latest price jump followed a rebound from $3,500, breaking past $4,000 resistance with strong market momentum. The market cap rise allowed Ethereum to overtake major corporations in global rankings. Analysts suggest a further 25% rally could see Ethereum surpass Visa’s valuation.
Corporate adoption trends are also strengthening Ethereum’s position in the market. According to Companies Market Cap data, flipping Visa would mark another major milestone for Ethereum. Arthur Hayes projected that ETH could rally to $10,000, supported by growing corporate treasury interest.
This momentum has been driven partly by inflows into spot Ether ETFs. Such investments have accelerated in recent days, adding more buying pressure. The trend indicates sustained institutional confidence in Ethereum’s long-term potential.
Ethereum co-founder Joseph Lubin told CNBC that ETH could surpass Bitcoin’s market capitalization “within the next year or so.” He cited the role of treasury companies in driving this shift. At Bitcoin’s current valuation, Ethereum would need to trade near $20,000 to achieve the flip.
Lubin emphasized that corporate adoption could accelerate Ethereum’s trajectory. The increased flow of capital from Bitcoin to Ethereum supports this outlook. Market analysts view the trend as part of a broader altcoin season.
Crypto analyst Ali Martinez reported that Ethereum’s net capital change has surpassed Bitcoin’s. He called this “the clearest signal yet” that the altcoin season has started. The statement reinforced expectations of Ethereum gaining market dominance.
On-chain data shows that Ethereum whales have increased large-scale purchases in recent days. Galaxy Digital facilitated over $158 million worth of ETH over the counter in 14 hours, which underscores confidence from high-net-worth investors.
A notable whale address, 0x3952, withdrew 8,745 Ethereum worth $37.6 million from Binance within the last hour. Over two months, the address acquired 65,001 ETH worth $281 million at an average price of $2,611. The holdings now reflect over $111 million in unrealized gains.
Such accumulation patterns suggest expectations of further price appreciation. Combined with institutional inflows, these factors strengthen the case for ETH’s continued rise.
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