1. Ether Holds Above $2,500 Amid Strong ETF Inflows
Ethereum ($ETH )
bounced from around $2,460 and is stabilizing above $2,500—driven by renewed momentum from institutional demand and spot Ether ETF inflows .
2. After Pectra Upgrade: Lower Costs but Centralization Risk
A month post-Pectra upgrade, blob transaction costs plunged from ~$16,000 daily to just a few cents. This has lowered Layer-2 costs by ~premium 33%, but smaller validators risk being consolidated into larger staking operations .
3. BlackRock Buying $ETH , Price Eyeing $2,800 Bullish Target
Analysis suggests that BlackRock is aggressively buying Ethereum, nudging ETH toward a bullish target near $2,800—fueled by institutional flows .
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🔍 Context & Implications
ETF Inflows: Sustained spot Ether ETF interest is providing notable price support—ETH has shown a strong 15-day inflow streak, lifting sentiment .
Network Upgrades: The Pectra update—a major protocol advancement—dramatically reduces gas costs for blob transactions, benefiting Layer‑2s. Yet, it’s prompting a trend of smaller node operators merging into larger entities, raising decentralization concerns .
Institutional Accumulation: Big players like BlackRock are buying Ethereum in volume, indicating growing confidence and fueling expectations for $ETH to reach ~$2,800 .