Record $2.8B ETH ETF Inflows Dey Fuel Bullish Rally Reach $6.8K
Ethereum ETF inflows don reach new high dis week, wit $2.8 billion capital wey enter ETFs, e confirm say people still dey buy steady. Dis one come after earlier spot ETF inflows of $326 million and e mark 14 weeks wey net inflows dey, bring total ETH ETF assets pass $30 billion. BlackRock’s ETHA lead with $15.9 billion holdings and daily trading volumes up to $2.4 billion.
On-chain network fundamentals still strong. DeFi total value locked don climb to $203 billion, e capture 68% of sector value. Ethereum stablecoin supply rise 10% in 30 days to $144 billion, while active addresses jump 30% to 2.6 million. Average daily transaction volume increase pass $878 billion, e pass Tron’s $664 billion show say network use dey grow.
Technically, Ether form golden cross for 3-day chart and complete cup-and-handle pattern. If e fit break and retest $4,110 support well, e fit cause rally go up to $6,840–$6,800, mean say potential gain be 55–68%. Traders suppose watch this key technical confirmation to confirm say price rally go continue.
Bullish
Dis news good for Ethereum. Record ETF inflows of $2.8 billion show say big institutions and regular people dey demand am strong, e help hold price steady even with 10% drop. Strong on-chain fundamentals like rising DeFi TVL, stablecoin supply, active addresses, and transaction volumes dey show say network dey grow useful. For technical side, golden cross, cup-and-handle, and inverse head-and-shoulders patterns dey indicate say rally fit continue go $6.8K. Long term, steady capital inflows plus more network usage dey support better outlook for ETH.