Ethereum’s surge pushes it past MasterCard in global asset rankings as analyst Crypto Patel identifies an ascending triangle breakout, targeting $16,000 amid strong institutional support.
Ethereum has overtaken MasterCard to become the world’s 22nd largest asset by market cap at $507 billion, trading at $4,220 with a 24-hour volume of $53.50 billion. Analyst Crypto Patel identified a breakout from a multi-year ascending triangle pattern, suggesting that holding above $4,000 could propel ETH toward a target of $16,000. Early investors report gains of around 300%, and institutional interest is underscored by ETH ETF inflows of approximately $174.57 million, while Bitcoin ETFs experienced net outflows. Vitalik Buterin also commented that companies with ETH treasuries might benefit, though he advised caution against overexposure.