Ethereum don hit $4,600 because of ETF Inflows and corporate buys
Ethereum price don climb pass $4,600 — e reach highest level since December 2021 — as e come from record ETF inflows and company treasury buys. On August 11, Ethereum spot ETFs get net inflow of $1 billion, plus Bitmine Immersion Technologies and Sharplink boost their ETH holdings wit’ multi-billion dollar raises. Fed rate cut expectations after soft US CPI data don increase demand more. For past one month, ETH/BTC ratio rise nearly 50%, showing say investors dey interested again. Open interest for ETH futures reach record $62.7 billion. Network scalability upgrades and US GENIUS Act don clear regulations and support Ethereum long-term adoption. Traders suppose watch ETF flows, Fed policy signals, and technical levels — resistance at 161.8% Fibonacci extension near $4,868 and key support at $4,100 — to sabi better entry and exit points for this extended rally.
Bullish
Record ETF inflows and corporate treasury purchases dey show say institutional demand for Ethereum strong wella, while Fed rate cut bets plus clarity for regulation through GENIUS Act dey support make adoption continue. Di surge pass key technical levels, with high futures open interest plus rising ETH/BTC ratio mean say momentum dey bullish. For short term, traders fit see more upside if ETF inflows persist and policy remain dovish, but overbought indicators near 161.8% Fibonacci extension fit make small pullback happen. Long-term prospects still dey positive because network upgrades and more DeFi applications dey expand.