#ETHRally
Ethereum is gaining serious institutional traction. On August 12 alone, spot ETH ETFs recorded a record $1 billion in inflows — with BlackRock’s ETHA and Fidelity leading the surge. This inflow trend is putting firm upward pressure on ETH prices.
Retail traders have exhibited skepticism amid the rally, often expressing fear or disbelief. Meanwhile, whales and institutions are absorbing the supply, validating a bullish thesis through this demand absorption.
Standard Chartered raised its year-end ETH price target to $7,500, with mid-to-long-term projections reaching $25,000 by 2028, driven by stablecoin growth and broad crypto integration