Ethereum (ETH) is trading at $4,607, nearing the $5,000 mark after hitting a record high of $4,948. Institutional interest in Ethereum is growing, driven by its pivotal role in decentralized finance (DeFi) and layer-2 scaling solutions. Ethereum exchange-traded funds (ETFs) have attracted $3 billion in inflows, surpassing those of Bitcoin ETFs.
The Federal Reserve's recent interest rate cuts and the Pectra upgrade are bolstering Ethereum's upward momentum. Despite technical indicators suggesting potential short-term pullbacks, the macroeconomic environment and sustained ETF demand are expected to support Ethereum's continued rise. The coming week is critical for investors as these factors could propel Ethereum past the $5,000 milestone.
Ethereum Approaches $5,000 as ETF Inflows Surge and Fed Cuts Rates
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