ETH hit a new high above $4K, spurred by institutional purchases, short liquidations, and a SEC ruling, with over 1.8 million on-chain transactions and treasury holdings exceeding $3.5B.
Following a SEC ruling that liquid staking tokens are not securities, ETH surged past $4K due to institutional buying and significant short liquidations. On-chain transactions exceeded 1.8 million with over 30% of the supply staked, while treasury holdings grew to more than $3.5B. Market targets are set at $4362 and a historical high of $4892 remains the ultimate milestone.