Ethereum continues to attract institutional investor attention as BlackRock increases its holdings and price forecasts for the asset.
Surge in Ethereum ETF Demand
Recent weeks have seen record demand for Ethereum-related ETFs. Last week alone, net inflows totaled $2.85 billion, with trading volumes exceeding $17 billion. According to Farside Investors, BlackRock's ETFs attracted a significant share of these inflows, indicating institutional investors are assessing long-term exposure to Ethereum.
Ethereum Prices Near All-Time High
The current price of Ethereum stands at $4,414, which is only 3% below its all-time high of $4,891 set in 2021. Recent sales from early investors were offset by ongoing ETF inflows and corporate demand.
Future Outlook for Ethereum
Standard Chartered Bank has revised its price forecast for Ethereum, expecting the price to reach $7,500 by year-end, with long-term targets adjusted to $25,000 for 2028. Corporate accumulation is expected to play a key role in this outlook, with several firms outlining ETH acquisition plans totaling $30.4 billion.
Thus, the ongoing interest and investments in Ethereum position it as one of the key assets in the cryptocurrency market, supported by growing forecasts and an atmosphere of institutional confidence.
