Ethereum (ETH) continues to strengthen its bullish trajectory, rising above $4,700 as expanding global liquidity and institutional demand fuel optimism for a breakout toward $5,000.
The world’s second-largest crypto asset is increasingly correlated with global M2 money supply growth, suggesting that macroeconomic liquidity injections are directly influencing crypto market performance.
Ethereum Mirrors Global Liquidity Growth
Recent analyses highlight Ethereum’s close relationship with global liquidity expansion, often measured by M2 money supply.
As major central banks ease financial conditions and inject liquidity into markets, risk assets, including cryptocurrencies, have seen inflows. Ethereum , in particular, appears to benefit from this macro trend, reflecting a rise in investor