Ethereum don pass $4,200 as ETFs and Institutions dey push rally
Ethereum don jump pass $4,200 reach for first time since December 2021, show 6.41% gain inside 24 hours plus 19.94% weekly rise. The rally na because strong ETF buying plus more institutional gathering like company treasury plus government crypto reserves. On-chain data show say ETH dey trade near $4,168.24 with over $38 billion volume inside 24 hours. Analysts dey talk say active ETF buying, treasury companies dey add positions plus possible retirement fund wey dey enter market show say plenty people dey participate. This mix between traditional finance plus government-level investors fit keep Ethereum mid-term bullish trend strong.
Bullish
Di tori say Ethereum don pass $4,200 because people dey buy ETF and big institution dem dey accumulate e mean say di market get hope. Similar kain rally wey ETF drive before, like wen dem approve big Bitcoin ETFs, don always make price jump well well by unlocking new money. Di way ETF demand full ground, plus companies dey put money for their treasury and retirement funds fit join body mean say price go still rise. For short term, liquidity and buying power fit carry price go higher, and long term government plus big institutions fit hold market steady and grow am more for ETH.