Ethereum (ETH) surged 7% to $3,930, amid Bitcoin and broader market recovery following a favourable US SPI data release on Wednesday.
Ethereum’s price recovery hits $3,700, fueled by growing institutional demand and $305 million in daily ETF inflows. Will the declining Bitcoin dominance hinting at a new altcoin season drive ETH price for a new all-time high?
Confidence in the digital asset industry has significantly increased amid the ongoing adoption of Bitcoin by nation-states and institutional investors.
The demand for Ethereum has registered a sharp uptick in the past few weeks as Bitcoin price experiences diminishing returns after hitting $100K.
The ongoing bullish breakout for Ethereum in the weekly chart will trigger a major altseason in the near term amid the ongoing crypto cash rotation from Bitcoin.
Anchorage Digital adds LsETH token support, enabling institutional clients to participate in ETH staking while maintaining liquidity through regulated custody services.
Ethereum is gaining momentum, crossing the $3,900 mark and eyeing a potential breakout rally. Despite whale sell-offs, Ethereum shows bullish gears up for a potential run to $4,631, with a projected extension of 35%.
The US spot Ethereum ETFs led by BlackRock’s ETHA have registered more than $620 million in cash inflows over the past two weeks.
Vitalik Buterin humorously critiques crypto custody models, warning against the risks of centralized exchanges, highlighting failures like Sam Bankman-Fried (SBF).
“This outcome is crucial for all onchain activity,” wrote Mads Eberhardt, an analyst at Steno Research.
While Beam Chain focuses on the consensus layer, complimentary upgrades to Ethereum’s execution and data availability layers are also in the works.
Ethereum ETFs outpaced their Bitcoin counterparts, recording $332.9 million in inflows compared to Bitcoin’s $320 million.
According to Bernstein, the controversial staking yield offering may be approved for Ethereum ETFs during the Trump Presidency
Ethereum price recently surged above $3,700 with its chart pattern resembling Bitcoin’s breakout pattern before its November rally, which led to a 45% increase.
The total value locked (TVL) in Ethereum Layer 2 networks has reached an all-time high of $51 billion, signaling strong investor interest and value growth within the ecosystem.