Ethereum Market Cap Don Pass $565B, Near All-Time High Wey ETF Money Dey Flow
Ethereum market cap don climb reach $565.2 billion, e pass Netflix and Mastercard. The token price dey now just 3.7% below im November 2021 all-time high of $4,878. This strong rise na because of record institutional money wey enter Ethereum exchange-traded funds (ETFs) and also softer-than-expected US Consumer Price Index (CPI) data, wey make people dey expect say Federal Reserve go cut interest rates soon. Since beginning of the year, Ethereum don grow 40%, pass Bitcoin wey move 29%. Institutional demand from public companies like BitMine Immersion and SharpLink Gaming, wey get more than $8 billion combined holdings, still dey support this rally. New players like ETHZilla and The Ether Machine want to get big network shares. Traders suppose note say past big ETF inflows and soft CPI numbers don cause long Ethereum bull runs. Short-term momentum strong, but future price moves go depend on Fed policy signals and continued institutional demand.
Bullish
Di surge wey dey for Ethereum market cap and price, wey come from record institutional ETF money wey dem put inside and soft US CPI data, mean say buying pressure strong. Institutional companies like BitMine Immersion and SharpLink Gaming dey stock plenty, this show say institutional people dey adopt Ethereum well well. If we check history, big ETF inflows plus soft CPI reading dey cause long Ethereum bull runs. Short term momentum strong as traders dey chase the rally. Long term, continuous inflows and Fed rate cut expectation go keep pressure dey go up. So, dis news good for Ethereum.