Total spot ETH ETF volume surpasses $2,725,000,000 today.
Analysts debate next bull targets fro ETH price.
The price of ETH is set to hit $5,210 and $6,946 ATH targets next.
Total spot ETH ETF volume surpasses $2,725,000,000 today. The crypto community celebrates this monumental occasion, marking the milestone as a big deal. With so much liquidity pouring into ETH ETFs, analysts are certain that the price of ETH will go on to hit new ATH targets in the coming days ahead. A few share their opinions on what the next big ETH bull targets will be.
Total Spot ETH ETF Volume Surpasses $2.725 Billion
https://twitter.com/WatcherGuru/status/1955020840514257355
As we can see from the post above, spot ETH ETF volume surpasses $2,725,000,000 today, marking another significant milestone for ETH, and solidifying its growing popularity. Not only are ETFs bringing more funds to ETH, but their continued success is drawing the attention of large institutions. So much so that some treasury companies have gone from accumulating BTC, to buying more ETH instead.
For instance, Bitmine Immersion, BlackRock, and Bit Digital have all either begun to accumulate more ETH over BTC, or have completely shifted their strategies to buy only ETH. This is because they see a shift in the crypto market and believe that the price of ETH will soon surge exponentially, meaning it has more to offer its holders than BTC can at this point, as the asset has already pumped significantly this bull cycle.
Despite expectations for the price of BTC to set higher highs this bull cycle, the price of ETH could still outperform it. Presently, ETH has yet to reclaim its previous ATH price, yet it is already outperforming BTC, thus, drawing more attention from investors, traders, accumulators, and treasuries. The price of ETH is presently trading in the $4,300 price range and is expected to reclaim the $4,500 price target next.
https://twitter.com/MerlijnTrader/status/1954920742866317500
As for new ATH prices, traders encourage investors to continue to stack and accumulate more ETH instead of giving up. Staking ETH is now considered the smart move, as the pioneer altcoin ETH has spent the last 4 years charging up for what is to come next, and the analyst in the post above expects ETH to rewrite history with what is to come. He concludes saying that the expected breakout is the beginning of something much bigger.
Analysts Debate Next ETH Bull Targets
Looking at the ETH price predictions from two reputed crypto analysts, the first says that ETH is playing out its 3-step pattern of Base, Shakeout, and Moonshot. This pattern took ETH from $100 to $4,600 in 2020. This year, it is expected to go from $1,500 to a much higher price. Another analyst shares 2 bull targets for ETH in the coming days based on Pricing Bands, these next ETH bull targets are $5,210 and $6,946.
