Ethereum demonstrates significant market strength, buoyed by substantial investment inflows and open interest. U.S. spot Ethereum ETFs have achieved 16 consecutive days of net inflows, accumulating over $5 billion. Concurrently, Ethereum’s derivatives market shows robust activity with open interest reaching $71 billion.
In contrast, Bitcoin exhibits relative stagnation, remaining range-bound between $115,000 and $119,900. It recently shed 2% of its value after a weekend rally sparked by optimism surrounding a U.S.-EU trade deal.
The outlook for XRP appears mixed. While the token retains retail interest due to regulatory clarity provided by the GENIUS Act and anticipation for the pending CLARITY Act, it continues to struggle with upward momentum.
Upcoming macroeconomic events could sway the market. Decisions on U.S. Federal Reserve interest rates and the release of Nonfarm Payrolls data are potential catalysts that may benefit Ethereum and other altcoins.
Market experts note Ethereum’s healthy market structure but caution that beyond ETF inflows, immediate catalysts are limited. Some analysts predict the potential for Ethereum to swiftly reach new all-time highs.