Ethereum Reaches $2,494 Following Golden Cross
Ethereum recently printed a golden cross, trading at $2,494 after clearing the $2,400 threshold. According to data cited from CoinMarketCap, the asset is up 17.68% over the week, bringing its market capitalization to $296 billion while remaining roughly 50% below its record high of $4,953. Financial institutions such as Standard Chartered maintain a $7,500 price target for the asset.
Network Metrics and Market Activity
Underlying network data shows staking figures reaching a record 42.3 million ETH locked, representing a 35% ratio. Additionally, spot funds recorded $697 million in inflows during the prior week, marking their largest haul of 2026. Ethereum is currently up 26% from its recent low, with analysts noting that major holders have positioned themselves accordingly.
Focus Shifts to Presale Projects
While established assets see increased network activity, attention has also turned toward early-stage token presales operating on the Ethereum network. Projects such as Pepeto report raising $10.83 million during their presale phases ahead of planned exchange debuts. Proponents draw comparisons to early distribution models, while teams point to security audits from SolidProof and tracking listings on CoinMarketCap as part of their operational framework.
