Ethereum is riding a powerful rally — fueled by record-breaking U.S. spot ETF inflows, growing institutional accumulation, and surging on-chain activity — that has pushed prices to their highest level since 2021 and set the stage for a potential run toward $6,800.
The following is a summary of the information that you will find on this page.
- The price of ETH jumped after the spot Ethereum ETF flows soared.
- Ethereum Treasury Companies like SharpLink accumulate.
- According to technical analyses, Ethereum could reach a price increase of $6.800.
ETFs inflows, DeFi dominance and ETH Price
EthereumETHThe price of jumped up to $4,170. It is now at its highest since December 2021.
SoSoValue shows that the demand for Ethereum is very high in America, as shown by the fact that ETF spot Ethereum flows increased by $326 Million this week.
The cumulative total of inflows to these funds is $9.8 Billion. BlackRock ETHA ETF had cumulative inflows totaling $9.85 billion, and net assets are $12.35 billion.
Grayscale ETHE ETF’s net outflows totaled $4.3 billion. It currently has $4.5 billion of assets. This ETF has lost assets mainly due to high expenses, which is why it charges a fee ratio of 2.5%. Fidelity Bitwise VanEck and Fidelity are among the top Ethereum fund companies.
Ethereum Treasury companies also accumulate these tokens. SharpLink Gaming bought 22,000 ETH This week’s assets totaled $2.17 Billion. BitMine holds Ethereum in amounts of $3.45 Billion and $1.4 Billion respectively.
Due to its growth, and the fact that it dominates most industries, investors are buying Ethereum. Ethereum’s transaction volume has risen by over 52% to 47 million in just 30 days, and its fees have risen to more than $48 million.
Ethereum is still the leader in decentralized financial technology, as its value has risen to $195 Billion and its assets have soared to $51 Billion.
Ethereum stablecoin’s share of the market has grown, and now total industry supply is $137 Billion. The recent agreement will benefit it greatly. GENIUS bill The United States
Ethereum Price Technical Analysis
Three-day charts show that the ETH rate has seen a significant bull run ever since it hit its bottom in April at $1,392. The 50-day and the 200-day moving indices have recently crossed, forming a golden-cross pattern. Golden crosses often indicate a bullish break.
Ethereum has also shown an inverse pattern of a head and shoulders, its neckline being at $4.090. It is composed of the head which is currently at its April low price of $1392. This pattern also includes two shoulders, which are $2153.
Distance between head and shoulder is 2,700 dollars. Addition of this figure to the neckline results in a price target near $6,800. That’s 68% more than the existing level.
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Source: crypto.news
