My lovely people, things are heating up in the crypto world! 🔥 If you thought Ethereum (ETH) was somewhat dormant, you were mistaken! Last week, ETH jumped from $2,200 to $2,500, and guess who noticed this movement: the big institutional sharks! Yes, gentlemen, the 'big money' is back and flowing very quickly!
According to the gossip brought to us by Glassnode, the spot ETFs for Ethereum (which are like investment funds for the big players to put in money without much hassle) registered a net inflow of 106,000 ETH last week! Can you imagine? And the coolest thing is that this is the seventh consecutive week of positive inflows. If you look at the charts, it's all green bars after months in red. March was a disaster, but in April, things started to change, slow but sure!
This is not just a whim, my people. Institutions are not playing around; they are putting in real money. Seven consecutive weeks of inflows? That shows they are convinced that Ethereum is a long-term investment, even with the ups and downs of day-to-day. The atmosphere has changed, ETH is rising with determination, and that arrival at $2,500 right alongside one of the largest ETF inflows is a clear sign that confidence is quietly returning.
So, does this mean the start of something huge? 🤔 For those keeping an eye on the market, it's clear: if institutions are starting to trust ETH again, it's likely that we, the average people, will follow suit! If these inflows of big money continue and Ethereum maintains its upward trajectory, we could see it breaking those resistances that seemed impossible.
Furthermore, the sharpest analysts are talking about improvements in the network and more solid fundamentals that will give ETH an extra boost. It has been a roller coaster this year, with its drops and slow recoveries, but it seems that we are now on the verge of a much more bullish movement. So let's stay alert!
And as a bonus, let me share an extra piece of gossip! The XRPL (the XRP Ledger) has just launched a sidechain compatible with EVM. What does this mean? That now Ethereum smart contracts can run on the XRPL! This opens the door to an interesting union between ecosystems. The future is here, folks!$ETH $XRP
