Amid record inflows into Ethereum, there is a growing interest in ETH assets and forecasts for potential new highs.
ETF Inflows into Ethereum
Analysts report that Ethereum ETFs attracted $907 million in inflows over the past week, marking the best performance since their launch in July 2024. Glassnode data confirms that net inflows from large holders to on-chain addresses exceeded 800,000 ETH for nearly a week.
ETH Token Accumulation in Ethena
Ethena (ENA) is showing active accumulation, as a newly created wallet withdrew 14.51 million ENA (worth $5.95 million) from Binance, indicating accumulation by large investors. Over $100 million of ENA has also been moved into exchange wallets as whales position themselves ahead of a projected price rebound.
Prospects for DeFi Projects
With the increase in whale activity, Ethena shows growing interest as a promising DeFi project. Experts note that Ethena has broken its descending trendline on the daily chart and is currently retesting the breakout zone, indicating possible further upward movement.
Considering the active investment in Ethereum and the growing interest in DeFi projects like Ethena, the market presents new growth opportunities. The situation may change in the coming weeks depending on future inflows and actions by major players.
