While still 10% below its record high of $4,878, seen nearly four years ago, Ethereum’s price marked a new milestone for 2025 with gains of more than 32% this year.
Ethereum (ETH) crossed $4,400 for the first time in over three years on Tuesday after spot ETH exchange-traded funds registered a record inflow of more than $1 billion in a day during the previous session.
Ethereum’s price jumped as much as 5.4% over the past day. The last time its price crossed $4,400 was in December 2021. While still 10% below its record high of $4,878, seen nearly four years ago, the cryptocurrency marked a new milestone for 2025 with gains of more than 32% this year. On Stocktwits, retail sentiment around Ethereum remained in ‘bullish’ territory over the past day.
Ethereum also saw the highest liquidations in the last 24 hours, according to Coinglass data, amounting to $43 million. More than $40 million came from short bets, and only $2 million from long positions. Meanwhile, other cryptocurrencies, including Bitcoin (BTC), saw single-digit liquidations.
Stocks of Ethereum-holding companies, Bitmine Immersion Technologies (BMNR) and FG Nexus (FGNX), also gained in pre-market trade as Ethereum’s price rallied. BMNR’s stock rose more than 2% while FGNX’s stock was up nearly 10%. Retail sentiment on Stocktwits around BMNR and FGNX rose higher within the ‘extremely bullish’ territory over the past day. Moreover, BMNR was the top trending ticker on the platform at the time of writing, as chatter increased to ‘extremely high’ from ‘high’ levels a day ago.
Both companies are going head-to-head to establish the biggest Ethereum treasury in the world. While Bitmine set its goal to acquire 5% of Ethereum’s global supply, FG Nexus said on Monday that it’s aiming to acquire 10% of the cryptocurrency’s supply. Bitmine currently leads with 1.15 million tokens worth nearly $5 billion, far ahead of FG Nexus’s 53,731 ETH.
Moreover, earlier on Tuesday, Bitmine announced that it plans to raise as much as $20 billion to buy more Ethereum. The Tom Lee-led company had previously authorized $4.5 billion in stock sales. Bitmine said it has already sold nearly all of that allotment, with just $723 left to sell.
Smaller Ethereum-holding companies like Sharplink Gaming (SBET) and Dynamix Corporation (DYNX) were also in the green. Sharplink Gaming’s stock rose nearly 7% in pre-market trade, while Dynamix’s stock was up 3%.
Read also: Ethereum Leads Gains After Record $1B ETF Inflows – Bitcoin, Altcoins Slide Ahead Of Inflation Data
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