Ethereum Price Don Pass $4,900 Because Demand For ETF And Fed Signals
Ethereum price don climb pass $4,900, reach $4,945–$4,948 after e break im record wey e make for November 2021. Di rally na because spot ETF inflows reach over $1 billion for one day, show say big big institutions dey buy well well. Federal Reserve Chair Jerome Powell talk say dem fit cut rates later, e make market feel beta. Corporate treasury dey buy more ETH, wey put pressure to dey buy. Also, better clarity for staking service rules reduce wahala for big investors. Data from CoinGecko and CoinMarketCap confirm di high for di day. Polls show say traders dey expect Ethereum price go try test $5,000 by year end, if ETF demand still hold and macro conditions remain steady. Traders make dem dey watch ETF flow reports, Fed talkings, and staking rules to sabi wetin market go do soon. To summarize, Ethereum price gain show say big institutions dey join, plus good monetary outlook, fit make ETH try $5,000 soon.
Bullish
Ethereum price rally weh pass $4,900 na dey been powered by record spòt ETF inflows plus Fed signals weh dey soft, wey for history dem dey lead bullish momentum for crypto markets. Just as Bitcoin take surge after approval of dem ETF for early 2024, big institutional buying through ETFs don change market dynamics towards ETH. Di chance to cut rate reduce opportunity cost for risk assets, while company treasury accumulation plus regulatory clarity on staking service dey support longer-term adoption. For short term, traders fit see continued buying pressure as ETF flows still dey happen. For long term, clearer regulation plus steady institutional demand fit make Ether cement e position as digital asset. But if Fed do reversal for policy or ETF flow slow down, e fit reduce gains.