🚀 #Ethereum Breaks Past $2,600 – Here’s Why 🧵
ETH has officially pushed past the $2,600 mark and is holding steady around $2,650. After a month of sideways action, three key factors are fueling the momentum behind Ethereum’s rise:
1️⃣ ETF Inflows Gaining Steam
Major players like BlackRock and Fidelity are seeing consistent inflows into Ethereum ETFs, signaling strong institutional interest and increased exposure to ETH’s price movement.
2️⃣ ETH as a Corporate Treasury Asset
Firms like BioNexus Gene Labs and SharpLink Gaming have started adding ETH to their treasuries, raising capital specifically to accumulate Ethereum—driving steady demand.
3️⃣ Reduced ETH on Centralized Exchanges
A continued decline in ETH held on CEXs indicates holders are choosing self-custody. This typically means less selling pressure and stronger long-term conviction from investors.
📉 While ETH is still well below its all-time high of $4,891 (set in Nov 2021), the current price stability around $2,650 could be setting the stage for a bigger breakout.
Will ETH reclaim $4K+ soon? Or is this just the calm before another rally? 👀
