Ethereum's price surged by 8.01% in the last 24 hours, reaching Rs 4,06,231. This upward trend is accompanied by increased investment and inflows, particularly in Ethereum ETFs, which have drawn significant attention from investors.
Key Highlights:
- Market Capitalization: Ethereum's market capitalization stands at Rs 49,04,761 crore, ranking second among cryptocurrencies.
- Trading Volume: The trading volume for Ethereum has seen substantial activity, contributing to its price surge.
- Institutional Investment: Companies like Fundamental Global and SharpLink Gaming are accumulating significant amounts of Ethereum, indicating growing institutional interest.
- Price Prediction: Analysts predict Ethereum's price to reach $3,178.46 in 2026 and $7,231.38 in 2031, based on historical performance models ¹ ².
Recent Developments:
- Ethereum ETFs: U.S. spot Ethereum ETFs have seen $1 billion in daily inflows, demonstrating strong investor confidence.
- Corporate Adoption: Blue Origin, Jeff Bezos's aerospace company, now accepts cryptocurrencies like Bitcoin, Ethereum, and Solana for spaceflight payments.
- Network Activity: Ethereum's network activity has intensified, with a 70% month-on-month rise in transactions ³ ².
What's Next for Ethereum?
With growing institutional demand and increasing network activity, Ethereum is poised for potential growth. However, market volatility and regulatory developments will continue to influence its trajectory. Stay tuned for more updates on Ethereum's price movements and market trends ⁴.