ETHEREUM Rally accelerates the ETF flows: analysts 5,000 dollars after that star-news.press/wp

ETHEREUM (ETH) pays the highest cryptocurrency market, trading at 4625 dollars, only 4 % shy of its highest level ever at $ 4,891. The second largest encrypted currency gained nearly 30 % last week, surpassing all the most important altcoins.

Driving this gathering is standard flows in Spot Ethereum ETFS, with $ 1.54 billion in just two days. Blackrock’s Etha Fund leads the charge, exceeding $ 10.5 billion of management assets.

Institutional accumulation adds fuel to the fire. BitMine Gemersion Technologies has announced plans to raise up to $ 24.5 billion to purchase ETH, with the aim of controlling up to 5 % of the total offer. Sharplink followed the $ 389 million donation, which devotes almost all revenues for ETHEREUM acquisitions.

Analysts target $ 5,241 or higher

Technical indicators indicate that the ETHEREUM gathering has more space for operation. Encryption Ali Martinez He cited MVRV pricing tapes, indicating a potential movement of about $ 5,241. Meanwhile, Trader Yashazedu believes that if Bitcoin reaches $ 150,000, Ethereum can exceed $ 8,500, based on the maximum historical market rates.

Data on the Santiment series show that retail merchants are selling in the gathering, which is a historical style of price gains. However, the cabinet bonds of companies accumulate strongly, creating the minimum resistance to the collapse of its highest levels.

ETH's price trends to the upside on the daily chart. Source: ETHUSD on Tradingview

Ethereum (ETH) dominates altcoins

While other major altcoins such as Solana (+12.9 %), Cardano (+10 %), and ChainLink (+12 %) has been published strong gains, analysts note that this course is more than the “Etherum Season” More than the ALTCOIN season.

Benjamin Quinn highlights that Altcoins with the exception of ETH and BTC (Total3) has decreased by 50 % against ETH since April, indicating the dominance of ETHEREUM.

ETHEREUM’s basics are still strong, as the total closed value (TVL) exceeds $ 90 billion, which is the highest since 2022. The derivative market activity is also increasing, with an open interest of up to $ 12.1 billion, which is the highest since March 2024.

If the momentum continues, there may be a break more than $ 4,750 that can send ETH to $ 5,000 and beyond, which enhances its location as its preferred institutional, along with Bitcoin.

Cover image from Chatgpt, Ethusd chart from TradingView

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