🆕📈 Ethereum (ETH) Poised for Growth Amid Strong Demand
Key Points:
Institutional Demand Outpaces Supply: Bitwise CIO Matt Hougan predicts ETH will rise further as demand (estimated at $20B/year) dwarfs new supply (~800K ETH/year).
ETF Inflows Surge: Spot Ethereum ETFs have attracted $5B since mid-May, doubling their first 10 months' inflows ($2.5B).
Corporate Treasuries Boost ETH: Companies like BitMine Immersion ($1.13B ETH), Sharplink Gaming ($1B+), and Bit Digital ($375M) are accumulating ETH, signaling long-term confidence.
Short-Term Pullback Possible: Despite bullish trends, ETH dipped ~2% to ~$3,600, with analysts noting a potential short-term correction before resuming upward momentum.
Why ETH Could Keep Rising:
7x more demand than supply (similar to Bitcoin post-ETF).
GENIUS Act may further strengthen Ethereum’s ecosystem.
ARK Invest added $182M in BitMine Immersion (BMNR) shares, signaling institutional interest.
Caution Ahead: Some analysts advise keeping cash reserves for better entry points, as price momentum lags behind ETF inflows.