Ethereum's price surged nearly 6%, reaching $4,457, fueled by corporate buying interest particularly from BitMine, which announced a plan to raise $20 billion for ETH purchases, bringing its total ETH holdings to approximately $24.5 billion. Analysts draw comparisons between BitMine's chairman Tom Lee and Bitcoin's Michael Saylor, noting the strong bullish sentiment towards ETH. Despite Bitcoin's struggle to break past $120,000, the positive movement in Ethereum highlights a broader shift in the crypto landscape. Market observers suggest that ETH's growth mirrors the rally seen with Bitcoin ETFs in the past, projecting further price increases followed by possible consolidation. The news surrounding Ethereum's growth comes alongside optimistic macroeconomic conditions, as CPI data hints at favorable conditions for the crypto market. As ETH moves closer to its all-time highs, bullish predictions continue to thrive across the trading community, reinforcing the idea that a new ATH for Ethereum is imminent.

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