Ethereum Don Pass $3,700 As E Get Record $2.18B Spot ETF Inflows Wey Dey Amid Institutional Demand
Ethereum spot ETFs record wen big big 2.18 billion dollar come last week, e mark 12 days straight wey people dey put money inside am, pass the way Bitcoin ETF dey carry money comot. The kain increase raise ETH pass 3,700 dollars, na highest level since January. Technical indicators like one kind sommething wey dey go down but widen near 3,741 dollars, show say e fit break go up. Five big people wey dey issue am—VanEck, Invesco, ARK 21, WisdomTree plus Fidelity—all file SEC amendment wey go allow in-kind creation and redemption, wey go make ETF work better.
Ethereum still hold big portion wey be 125.9 billion dollars for stablecoin market. Institutional people dey trust am more: gaming company SharpLink don put over 1 billion dollars for ETH and dem wan stake their money, while some public company dey put ETH for their treasury. One Bitcoin critic, Peter Schiff, talk say the level na “bubble” and e tell traders make dem change ETH to BTC. But other analysts talk say Ethereum fit reach 8,000 to 10,000 dollars if institutional demand continue and ETF approval waka well. Traders suppose dey watch ongoing ETF inflows, SEC matters and important technical levels to fit check short-term momentum and long-term growth.
Bullish
Record $2.18B spot ETF inflows and break above $3,700 show strong buying pressure and fresh institutional interest. Technical setups dey suggest more upside, while SEC amendment proposals fit improve ETF liquidity. Even though Peter Schiff talk bearish, big institutional allocations and optimistic analyst targets between $8,000–$10,000 dey support bullish outlook. Short-term momentum dey driven by ETF demand; long-term growth depend on wider adoption and regulatory progress.