Recently, interest in Ethereum among institutional investors has surged markedly. The launch of Ethereum ETFs in the U.S. led by BlackRock has resulted in record capital inflows into this asset.
Institutional Interest in Ethereum
Since the launch of spot Ethereum ETFs in the U.S., inflows reached $908 million per week, marking the highest level since their inception. Over the last four months, a total of $2.7 billion has flowed into these ETFs. One example of institutional demand is BitMine's decision to increase its Ethereum reserves to over $500 million following a successful private investment round.
Technical Indicators Support Optimism
Technical indicators are strengthening bullish positions. According to analysis, the weekly chart shows the MACD line crossing above the zero line, indicating increasing bullish momentum. Initial price targets are set at $3,400, and the expectation of ETF demand enhances spot liquidity, motivating buyers to overcome resistances on the way to $4,000.
Prospects for Ethereum Growth to $4,000
Despite short-term volatility, maintaining $3,000 as psychological support strengthens expectations for further growth. Flow data shows that institutional inflows exceed the withdrawals of Ethereum from exchanges, bolstering confidence in the scenario of reaching $4,000.
Thus, the growth of institutional interest and positive technical indicators create hopes for further increases in Ethereum's value, with the next target being the $4,000 mark.
