According to PANews, Ethereum's current price has surpassed both the 7-day and 30-day moving averages, indicating a bullish trend with a 3.6% increase over the past week. This upward movement is largely driven by ETF inflows, totaling $148.5 million. A significant contributor to this trend is BlackRock's iShares Ethereum Trust, which holds assets worth $4.6 billion.
In addition, BitMine has bolstered its Ethereum vault strategy with $250 million in private financing, further boosting market confidence. SharpLink Gaming's recent acquisition of 9,468 ETH, valued at approximately $22.8 million, underscores the growing demand for Ethereum among institutional investors.
