🚀 $ETH reaches new ATH at $4,956 with record flows in ETFs, historic staking, and a look towards $7K
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Ethereum reached an all-time high of $4,956, driven by multiple engines of strength:
Massive inflows into ETFs: Since July, ETH ETFs have attracted nearly $10 billion, far surpassing the inflows to Bitcoin. Just this week, they received over $1.83 billion, with BlackRock leading the charge.
Staking at record levels: Currently, more than 36 million ETH are locked in staking—the highest number in history—which significantly reduces the available supply.
Historic institutional rotation: A large holding converted 22,400 BTC into ETH, raising the ETH/BTC ratio to 0.041 and signaling a clear capital shift towards Ethereum.
Bullish projections: Analysts believe ETH could climb towards $7,000 or even higher, with some hypothetical scenarios reaching $12,000, based on solid fundamentals and increasing institutional adoption.
Will you join the rally driven by institutional flows or are you waiting for a consolidation before entering?