Despite pressure on the charts, Ethereum might be poised for a bullish rally considering new industry trends.
Rising Inflows into Ethereum ETFs
Analyst known as Unipcs (or 'Bonk Guy') highlighted significant positive trends with inflows into Ethereum ETFs. Coinglass data shows that the ETH ETFs have recorded positive inflows for the past 15 days. For instance, on June 3 alone, Ethereum ETFs amassed a record $109.5 million in a single day.
Corporate Investments in Ethereum
There is a growing interest from corporate investors towards Ethereum as a treasury asset. An example of this is SharpLink Gaming closing a $425 million private placement led by ConsenSys Software Inc, indicating increasing trust in ETH within the corporate sector.
Prospects of Staking and Supply Shrinkage
There are indications that ETH staking may soon be permitted in ETF structures, which could attract significant institutional inflows. Additionally, shrinking supply of ETH on exchanges indicates that traders are moving assets to cold storage or staking, reducing sell pressure.
Despite recent price fluctuations, the active market engagement of Ethereum, including ETF inflows and increasing number of addresses, suggests a potential breakout rally in the future.
