Analysts Call Ethereum a Strategic Buy as ETF Inflows Soar and Price Nears Breakout Zone

Description

Ethereum (ETH) is closing in on its 2021 all-time high as institutional demand surges, fueled by record-breaking inflows into U.S. spot Ethereum exchange-traded funds (ETFs). On Wednesday alone, Ethereum ETFs pulled in $729.1 million, their second-largest daily inflow since launch, with BlackRock’s ETHA accounting for $500.9 million and Fidelity’s FETH adding $154.7 million. Over the past six days, these funds have attracted more than $2.3 billion, driving ETH prices above $4,900. Standard Chart...