Spot ETH ETF inflows hit 10-day streak: Will Ether rally to $3K next?
Key takeaways:
ETH vs. BNB, SOL, AVAX. Source: TradingView
Ether’s potential bullish momentum likely depends on reduced risk aversion toward cryptocurrencies, as its price chart relative to some competitors shows striking similarities. The recent spot Ether ETF inflows, while relevant, are not enough to justify a decoupling, especially as activity in the DApps sector has yet to show signs of improvement.
There is no indication that ETH is bound for $3,000, but the Ethereum network seems well-positioned to capture an eventual pickup in demand for decentralized computation.
This article is produced in accordance with Cointelegraph’s Editorial Policy and is intended for informational purposes only. It does not constitute investment advice or recommendations. All investments and trades carry risk; readers are encouraged to conduct independent research.
About Author
