$ETH
Here is a summary of recent news and points to watch on Ethereum (ETH):
Price Performance:
ETH is trading between $3,400 and $3,500, with a 2-3% increase over 24 hours, supported by rising trading volume. It remains 31% below its ATH of $4,721 (November 2021) but shows resilience against global fluctuations.
Institutional Activity:
Spot Ethereum ETFs attracted $380 million yesterday, the second-best day of inflows since December 2024, with a buy/sell ratio of 28.6x (63,839 ETH absorbed via ETFs versus 2,232 ETH issued/day). BlackRock injected $570 million in two weeks, signaling growing interest.
Technical Updates:
The Pectra update is progressing, with tests on Sepolia after disruptions on Holesky. It aims to improve staking and wallets, with a potential deployment by the end of 2025, strengthening the ecosystem.
Adoption and Innovations:
The integration of ETH into collateral deposits by the FHFA (Federal Housing Finance Agency) for real estate in the United States marks a notable adoption. L2s continue to evolve, with promised capabilities increasing 20-fold in one year.
Challenges:
Selling pressure from hedge funds and inflationary supply post-Dencun (since April 2025) are hindering momentum. Leveraged short positions are reaching highs, increasing the risk of volatility.
Sentiment:
Posts on X reflect cautious optimism, with speculation about a return to $4,000 if the $3,500 resistance is broken. However, concerns persist about competition from L2s and the slow pace of developments.
Points to Watch:
The impact of Pectra, ongoing inflows into ETFs, the evolution of supply on exchanges (at its lowest in 8 years), and the reaction to geopolitical pressures. Cryptos are risky; do your own research before investing.