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Ethereum Price- Can It Reclaim $4,000?
Ethereum Price– Ethereum (ETH), the second-largest cryptocurrency by market cap, has spent over a month trading between $2,500 and $2,600. Recently, it surpassed the $2,600 mark and is currently hovering around $2,650—a potential sign of renewed bullish interest.
Key Drivers Behind Ethereum’s Price Move
ETF Inflows Boost Investor Confidence
A major catalyst for this upward move is the consistent inflow into Ether-focused exchange-traded funds (ETFs). Data shows that issuers like BlackRock and Fidelity have experienced several consecutive days of net inflows. This indicates growing investor demand for indirect ETH exposure, signaling confidence in the asset’s long-term prospects.
Corporate Adoption as a Treasury Asset
Another emerging trend is companies adding Ethereum (ETH) to their corporate treasuries. Firms such as BioNexus Gene Labs and SharpLink Gaming have recently raised capital to accumulate ETH. This corporate interest may have helped ETH sustain its current price range.
Declining Exchange Reserves Suggest HODLing
Analysts also note a decline in ETH reserves on centralized exchanges (CEXs). A lower exchange balance usually indicates that investors prefer holding their ETH in private wallets, reducing immediate selling pressure.
Can Ethereum Reach a New All-Time High?
While ETH has yet to revisit its all-time high of $4,891 set in November 2021, the current price action near $2,650 could establish a new support level. If Ethereum maintains this zone, it may build momentum for another attempt to reclaim higher levels, though market conditions remain a key factor.
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Cryptocurrencies and stocks, particularly in micro-cap companies, are subject to significant volatility and risk. Please conduct thorough research before making any investment decisions.
