Ethereum nears $2,400 as BitMine’s Tom Lee signals 'crypto spring'
Ethereum's price rose to near $2,400 as Bitcoin broke above $80,000, with Tom Lee signaling a 'crypto spring' amid hopes for the CLARITY Act. Ethereum hovered around $2,350 at the time of writing on Monday, May 4.
Ethereum's price rallied toward $2,400 on Monday, mirroring a broader market surge led by Bitcoin. Bitcoin breached the $80,000 threshold, buoyed by the market's response to President Donald Trump's 'Project Freedom.' Strive announced a substantial acquisition of 444 BTC, signaling continued institutional demand for digital assets. Bitmine, the largest Ethereum treasury, added $238 million in ETH to its holdings, bringing total holdings to over 5.18 million ETH. Tom Lee declared that the 'crypto spring' has begun, citing the CLARITY Act compromise text as a positive development. Ethereum's price could extend gains above $2,500 if it clears the mid-April range.
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