Ethereum has surpassed the $4,000 mark for the first time in months, marking a strong recovery due to increased buying from whales and institutional capital inflows.
The growth of Ethereum is further driven by widespread adoption from businesses and active trading, paving the way for higher price targets in the near future.
MAIN CONTENT
Ethereum whales are accumulating large amounts of ETH, demonstrating strong confidence with a price target of $6,400.
Businesses and institutional investment funds are increasingly adopting Ethereum and pushing capital into ETH ETFs.
Altcoins are recovering alongside Ethereum, predicting high profit potential in the next quarter.
Ethereum whales are aggressively buying, can the price reach $6,400?
Ethereum whales have gathered over 1.8 million ETH in the past month, reflecting significant confidence from major investors. Expert Ali Martinez states that if Ethereum surpasses $4,000, the next target will be $6,400.
This accumulation demonstrates the positive sentiment of large investors, reinforcing the likelihood that Ethereum will continue its price increase after the important milestone at $4,000.
Widespread buying by whales is often seen as a positive market sign, helping maintain liquidity and drive long-term growth.
How is Ethereum's adoption in businesses increasing?
Many large companies such as BitMine Immersion and SharpLink Gaming currently hold ETH worth billions of USD. Additionally, Ethereum spot ETFs are also attracting significant institutional capital inflows.
On August 8, Ethereum ETFs recorded a net capital inflow of 43,329 ETH, equivalent to $169.2 million. BlackRock's iShares fund increased its holdings by 26,604 ETH valued at $103.9 million, now holding nearly 3 million ETH worth $11.67 billion.
Ethereum also reached a record of 1.74 million transactions per day, surpassing the previous high in May 2021, following July's record of over 46 million transactions.
"The $4,000 mark is an ideal short-term profit-taking point, but not the best buying opportunity. After a brief adjustment and fluctuation period, Ethereum's upward trend will continue."
Michaël van de Poppe – Cryptocurrency Analyst, 2024
Investors are waiting for the SEC to approve ETH staking ETFs, a factor that could create a strong new rally for Ethereum by allowing investors to earn staking rewards.
What growth opportunities do altcoins have in the near future?
Expert Michaël van de Poppe expects altcoins to achieve 200-500% returns in the next 2-4 months. Many altcoins have yet to recover to early 2025 levels.
The recovery of Ethereum is stimulating risk demand in the market, as evidenced by the ETH/BTC ratio increasing by 3% in just the last hour. Other altcoins are also seeing gains of 3-9%.
These movements indicate that the market is beginning to attract capital into digital assets beyond Bitcoin, with the potential to expand price increases in the next quarter.
Frequently Asked Questions
What price has Ethereum reached recently?
Ethereum has just surpassed $4,000 for the first time since December of last year, following a recovery due to new capital inflows and whales accumulating.
How much ETH have Ethereum whales accumulated in the past month?
They have purchased over 1.8 million ETH according to expert Ali Martinez's analysis, demonstrating strong confidence in the price potential.
How are large businesses using Ethereum?
Companies like BitMine Immersion and SharpLink Gaming hold ETH worth billions of USD, driving practical adoption.
How does the Ethereum ETF attract capital inflows?
ETH ETFs recorded a net inflow of 43,329 ETH, equivalent to $169.2 million, with the iShares fund increasing nearly 26,604 ETH in the recent round.
How much can altcoins increase in the near future?
Experts predict altcoins could rise from 200% to 500% in 2-4 months based on market recovery and risk sentiment.
Source: https://tintucbitcoin.com/ethereum-tang-tren-4-000-usd-toi-6-000/
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