Will Ethereum ETF Monthly Inflows Drive a Higher ETH Price?
Monthly inflows into an Ethereum exchange-traded fund (ETF) exceeded $1 billion for the first time since the approval, indicating a surge in institutional interest. The milestone coincided with ETH price climbing to $3,700, raising expectations for further gains in the near future.
The massive inflows suggest that Ethereum is becoming the asset of choice for diversified investment portfolios as institutional demand promises long-term stability. How will this affect the price of ETH?
Ethereum sees rising institutional interest
September, Ethereum ETF faces a tough month There was a net outflow of -22,678 ETH, indicating weak investor demand. However, there was a dramatic rebound in October, with inflows of 218,878 ETH, showing a surge in investor interest.
Positive momentum continued in November, with Glassnode reporting monthly inflows of 288,733 Ethereum ETFs, the highest level since the ETF was approved in July. With ETH trading above $3,700, the increase is equivalent to $1.06 billion and marks a major milestone for the altcoin.
This influx of capital means Ethereum has a promising future. Just as Bitcoin’s price surged to new all-time highs following continued multi-billion dollar inflows, Ethereum could also see potential price gains in the near term. echo Same pattern.
Additionally, historical inflows/outflows (HIOM) also support this outlook. The HIOM metric tracks holder profits over time, revealing the percentage of addresses that would make or lose money if sold at any given point.
It also highlights which side has the momentum – buyers or sellers – providing important insights into market sentiment. Typically, a decrease in the number of currency addresses prevents potential buyers from accumulating, signaling a bearish outlook.
However, in the case of Ethereum, the proportion of profitable holders has increased. This growth suggests that more participants may motivating Buy altcoins or invest in ETFs. If this trend continues, it could push the value of ETH higher.
ETH Price Prediction: Will it Rise to $6,000 This Cycle?
On the weekly chart, Ethereum mirrors previous patterns, with its price peaking at $4,891 in November 2021. Prior to this, major adjustments occurred between February and March 2020.
A similar pattern emerged from May to November this year and a bullish reversal has begun, Ethereum seems ready to challenge Its all-time high.
If this trend continues, ETH could surge Within a few months it reached $6,000. However, this bullish outlook is dependent on continued institutional and retail demand. If monthly inflows into the Ethereum ETF decrease, this prophecy probably won’t happen
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