Ethereum Dey Soar Reach $4K Based on GENIUS Act Vote and Inflows
Ethereum dey trade near $2,975 as traders dey wait for US House vote on the GENIUS Act, wey fit make 1:1 reserves mandatory for stablecoin issuers and comot billions in stablecoin demand to the Ethereum network. The CLARITY Act and Anti-CBDC Surveillance State Act dey face congressional debate too, wey fit shape how digital assets go be regulated.
Institutional inflows still strong: US-listed Ethereum ETFs record one record net inflow of 225,857 ETH last week, while corporate treasuries add over 545,000 ETH (≈$1.6 billion) in the past month. Ethereum investment funds don dey see inflows for 12 weeks straight, total $990 million last week and over $4 billion year to date.
On-chain data show “bull flag” breakout above $3,000. Short-term traders suffer over $500 million in liquidations, including $106 million in ETH positions. Key resistance levels dey at $3,300 and $4,000. Confirmed break above $3,000 with steady buy fit trigger rally go $4,000.
Bullish
The combination of possible regulatory approval for di GENIUS Act and steady institutional inflows dey point to bullish momentum for Ethereum. Short term, di expectation for stronger demand for stablecoin for di Ethereum network plus record ETF inflows don drive buying interest and technical bull flag breakout pass $3,000. Dis don cause upward pressure on di ETH price, while recent liquidations don shake out weak hands, setting stage for more gains. Long term, clearer stablecoin regulations and continued accumulation from company treasuries plus investment funds dey support strong demand outlook. Together, all these factors mean Ethereum dey well positioned to challenge resistance levels at $3,300 and $4,000.