Ethereum (ETH) is consolidating around $4,300, with recent trading between $4,100 and $4,470, according to AiCoin data. The cryptocurrency has seen significant exchange withdrawals, with over 420,000 ETH removed in the past week, indicating accumulation by long-term holders. Institutional interest is also on the rise, as spot ETH ETFs now manage $24.7 billion in assets, and major firms have increased their ETH holdings by 877,800 ETH, valued at $4 billion, over the past month.
Market analysts, including Tom Lee, forecast ETH could reach $10,000 by the end of the year, while Standard Bank projects a target of $7,500. Despite the positive outlook, potential risks such as macroeconomic uncertainty and a large ETH withdrawal queue remain.
Ethereum Holds Steady at $4,300 Amid Exchange Withdrawals and ETF Growth
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