Ethereum's price surged nearly 6% to reach $4,457 as corporate adoption heats up, particularly with BitMine's ambitious $24.5 billion ETH accumulation plan. Major corporate buying and a fresh prospectus from BitMine to increase stock sales have ignited bullish sentiment amongst market participants. Analysts noted that ETH is nearing its all-time highs while Bitcoin lingers below $120,000, despite favorable US CPI data not sparking momentum in BTC. Crypto investor Michaël van de Poppe compared the current rally to Bitcoin's ETF launch, predicting new highs for ETH soon. Tom Lee, BitMine's chairman, has drawn parallels to Michael Saylor's Bitcoin accumulation strategies. Despite Bitcoin's struggles, traders remain optimistic about its potential recovery, hoping to establish fresh support after recent price fluctuations. Overall, the market is witnessing significant bullish activity in the Ethereum space, with expectations of further growth characterized by ongoing institutional interest.

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