Key Highlights
- On-chain activity surge: Ethereum active addresses grew 17%, with Layer 2 dominance up 18%.
- Institutional adoption: SharpLink Gaming aims to raise $1B for its Ether treasury.
- ETF inflows: Spot Ethereum ETFs recorded 11 consecutive days of net inflows, totaling $78.4M on Monday.
Ethereum (ETH) price gained 5.52% in 24 hours, trading at $2,617** with a **52% increase** in daily volume ($20.24B). Analysts suggest a potential rally to $4,000** if ETH holds the **$2,500 support and breaks the $2,900 resistance**.
Ethereum’s Path to $4,000
Crypto analyst Rekt Capital notes ETH’s similarity to its 2021 price setup, which led to a strong upside. The current macro range ($2,500–$4,000) mirrors mid-2021 trends, signaling bullish potential.
👉 Discover how Ethereum ETFs are driving institutional adoption
On-Chain and Institutional Growth
- Active addresses: 17% weekly growth.
- Layer 2 dominance: 18% increase.
- SharpLink Gaming: Filed to raise $1B for ETH holdings, stating “We intend to use proceeds to acquire Ether.”
Ethereum ETF Momentum
Spot Ethereum ETFs saw $78.4M inflows on Monday, led by:
- BlackRock’s iShares Ethereum Trust (ETHA): $48.4M.
- Fidelity’s FETH: $29.8M.
👉 Explore Ethereum’s Layer 2 dominance and its impact
FAQ Section
Q: What’s driving Ethereum’s price surge?
A: ETF inflows, institutional adoption, and Layer 2 growth.
Q: Can ETH reach $4,000?
A: Analysts say yes, if it breaks $2,900 resistance.
Q: How do Ethereum ETFs compare to Bitcoin ETFs?
A: ETH ETFs show consistent inflows, while BTC ETFs face outflows.
Disclaimer: This content is for informational purposes only. Verify data independently before investing.
Keywords: Ethereum price, ETH rally, Ethereum ETFs, Layer 2, institutional adoption, crypto analysis
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