Altcoins News
By James Thorp
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Ethereum has recorded an impressive 47% gain in just one month, soaring to around $3,600. According to Felix Xu, partner at crypto hedge fund ZX Squared Capital, there are no…
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One of the main drivers behind Ethereum’s surge is the massive inflow into U.S.-based spot Ether exchange-traded funds (ETFs).
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Beyond ETF activity, ongoing uncertainty around U.S. Federal Reserve policy is also playing a key role in supporting Ethereum’s price.
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Felix Xu emphasizes that unless ETF inflows suddenly stop and the Fed adopts a much more hawkish approach, a correction on the scale of the 30% drop seen in October 2024 is…
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Despite the bullish momentum, Xu remains cautious about overly optimistic price targets in the short term.
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Xu explains that in order for Ethereum to come close to $10,000, continued strong inflows into ETFs would be essential.
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Still, Xu warns that if any of these contributing factors slow down or stall, the rally could lose steam before hitting the five-digit mark.
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Sapien co-founder Trevor Koverko also commented on the possibility of Ether reaching such heights.
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Adding to the optimistic outlook, crypto analyst Mikybull Crypto recently predicted that Ether’s price could climb as high as $7,000 to $10,000 based on momentum indicators like…
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In conclusion, Ethereum’s recent 47% price increase is backed by substantial institutional interest and favorable macro trends.
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