Ethereum Don Rally Reach Six-Month High Because of ETF Inflows
Ethereum don climb over 10%, reach six months high as institutional money dem put pass $500 million for spot ETFs. People dey talk say SEC go approve spot Ethereum ETF, e make price rally, plus the post-Merge deflationary system wey reduce how many tokens dem dey create and token dem wey dem dey burn. Demand for decentralized finance still rise. Big asset managers like Grayscale and BlackRock dem see their ETH ETFs Assets Under Management (AUM) jump 30% from week to week. On-chain numbers like active addresses and transaction volume rise 25%, futures open interest still hit record high. Layer-2 networks like Arbitrum and Optimism dey drive DeFi activities before EIP-4844. Traders fit expect more wahala (volatility) as Ethereum fundamentals and market mind dey align for better price movement.
Bullish
The strong ETF inflows plus the solid on-chain metrics dey show say Ethereum get beta future. For short term, di increased trading volume and futures interest go make market dey volatile, wey fit create trading chances. For long term, the reduced ETH issuance, deflationary burns, and growing DeFi activities especially for Layer-2 networks before upgrades like EIP-4844, dey make fundamental demand strong. Plus, institutional adoption by big asset managers dey give Ethereum value more trust, likely to carry price go higher steady.