Ethereum (ETH) has shown strong performance recently, with its price climbing to around $3825 as of the morning of July 21, approaching the historical high of $4868.8 set in November 2021. The market's focus is on whether this rise can push ETH to break the $5000 barrier and create a new historical record.

At the same time, institutional investors are also actively positioning themselves. SharpLink announced plans to issue $5 billion worth of stock again, and the funds raised will be used to increase its holdings in Ethereum. This move undoubtedly provides additional momentum for the rise of ETH.

From a market capitalization perspective, Ethereum has entered the ranks of the world's 29th largest asset in this round of rise. If it can effectively break through the $5000 mark, its market cap ranking is expected to enter the top 20. Analysts generally believe that in this bull market, it is highly likely for Ethereum's market cap to surpass $1 trillion.

However, investors still need to be cautious. The cryptocurrency market has always been highly volatile; despite the current strong momentum, there are many factors that can affect prices. Regulatory policies, macroeconomic environment, technological advancements, and more could all have a significant impact on ETH prices.

Whether ETH can maintain its strong performance in the future and break through its historical highs still requires close attention to factors such as institutional capital flow, the progress of spot ETF applications, and overall market sentiment. In any case, Ethereum, as the leader of smart contract platforms, remains a focal point of market attention.