🔥 Ethereum Frenzy: ETFs Pull in $2.85B in Just One Week!
Ethereum has been on fire lately hitting multi year highs before pulling back slightly near the $4,800 resistance level. Sellers are still active here, but overall momentum stays strong.
What’s driving the hype?
👉 Last week alone Ethereum ETFs brought in $2.85 BILLION a record breaking inflow.
👉 Big companies are now holding Ethereum in their treasuries just like they have done with Bitcoin.
👉 This trend is tightening supply and reducing selling pressure across exchanges.
📊 Market Snapshot:
ETH recently surged to $4,792 just shy of the $4,800 psychological barrier.
Price is consolidating above $4,400 as buyers defend key levels.
Long-term supports remain strong at the 50 week ($2,771) and 200 week ($2,442) moving averages showing the market has moved beyond accumulation into a growth phase.
💡 Analyst Ted Pillows says last week’s dip was just a “healthy correction.” He believes demand from ETFs and institutions shows the uptrend is far from over but warns that volatility will still be part of the ride.
🚀 If ETH clears $4,900, we’ll be in uncharted territory with fresh price discovery ahead.
Ethereum is not just climbing it’s rewriting its role in the financial world.
