Wall Street Drives Ethereum’s Meteoric Rise
2025-07-15 10:07:43
Main Idea
Wall Street's growing institutional demand for Ethereum, driven by ETF inflows and strategic investments, is pushing ETH's price upward, with technical indicators suggesting potential further gains.
Key Points
1. Ethereum ETFs in the U.S., led by BlackRock, saw weekly inflows peak at $908 million, totaling $2.7 billion over four months.
2. Publicly traded company BitMine increased its Ethereum holdings to over $500 million, acquiring 163,142 ETH after a private investment round.
3. Analysts highlight Ethereum's deflationary supply and Layer-2 advancements as key factors driving its upward trend.
4. Technical indicators suggest ETH could target $3,400 and potentially $4,000, with $3,000 acting as psychological support.
5. Institutional demand and ETF inflows are enhancing spot liquidity and reinforcing confidence in Ethereum's price growth.
Description
Wall Street's interest in Ethereum is driving institutional demand to record levels. BitMine significantly increased its Ethereum reserves, showcasing institutional confidence. Continue Reading: Wall Street Drives Ethereum’s Meteoric Rise The post Wall Street Drives Ethereum’s Meteoric Rise appeared first on COINTURK NEWS .
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