Ethereum (Ethereum-ETH) price forecast: 4% gains this week despite the golden cross failure - is the $3,000 level out of reach? Ethereum (Ethereum) is attracting significant institutional investments despite its price struggling to surpass the $2,600 level, as Ethereum exchange-traded funds (Ethereum ETFs) in the United States recorded a net inflow of $148.57 million in one day, marking the second highest since February, and the total inflows over the past eight weeks are nearing the $2 billion mark, reflecting increasing market confidence in the value of this currency in the long term.
Public companies are currently turning to invest in Ethereum (Ethereum), and SharpLink Gaming has become the largest publicly listed company holding Ethereum, while BitMine has completely shifted its focus to this currency. Robinhood has launched U.S. stocks represented digitally via the Arbitrum blockchain - a Layer 2 solution for the Ethereum blockchain - which enhances the real-world uses of this blockchain.
Key institutional drivers
Over $2 billion in investments entered Ethereum exchange-traded funds (Ethereum ETFs) over 8 weeks
Robinhood launches digitally represented stocks on the Ethereum blockchain
Public companies holding Ethereum (Ethereum) as an asset in their treasuries
This positivity extends to the derivatives markets, as 80% of the call options expiring in July target levels above $3,000, with 30% of them aiming for levels above $3,500; however, the next price trend remains unclear.
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