Key takeaways:
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Rising spot ETH ETF inflows and BlackRock’s shopping spree signal that institutional investors are feeling frisky. Who knew they could be so romantic? 💕
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A dip to $2,100 could be your golden ticket, especially with tokenized assets surpassing $5 billion. It’s like finding a $20 bill in your winter coat! 🧥💵
Ether (ETH) has been on a rollercoaster this week, reaching a dizzying high of $2,879 on Wednesday before plummeting to $2,433 on Friday. Talk about a dramatic fall! It’s like watching a soap opera, but with more numbers and fewer love triangles. 📉
In the 1-week time frame, ETH has formed an ascending channel pattern. This means it’s trying to climb higher, but it might just trip over its own feet and fall below the support line. If that happens, expect a correction near the $2,100-$2,200 range. It’s like watching a toddler learn to walk—adorable but nerve-wracking! 👶
The $2,100-$2,200 range has been a reliable friend, acting as support from late 2023 to August 2024. It’s like that one friend who always shows up with snacks at the party. 🍕
Historically, Q3 has been a bit of a snooze-fest for Ether, averaging a return of just 0.88%. The last two quarters? A thrilling decline of 24.19% and 13.64%. Who needs a rollercoaster when you have crypto? 🎢
As summer rolls in, trading volume and volatility tend to take a vacation. If this trend continues into Q3 2025, we might see Ether dip to that cozy $2,100-$2,200 range again. It’s like a summer retreat for your investments! ☀️
Ether at $2,100 is a bullish bet
Getting ETH near $2,100 could be the best decision since you decided to wear mismatched socks. Spot ETH ETF flows are on the rise, and according to Glassnode,
“This week alone, they’ve seen 154K ETH in inflows – 5x higher than their recent weekly average. For context: the biggest single-day ETH inflow this month was 77K ETH on June 11th.”
BlackRock is also in on the action, buying Ether through its iShares Ethereum Trust (ETHA). With over $500 million added recently, they now hold 1.51 million ETH ($3.87 billion). It’s like they’re hoarding Pokémon cards, but for grown-ups! 🎴
Data from Token Terminal shows that billions are flowing into Ether as financial services and tech companies tokenize assets. The chart reveals tokenized assets under management surging past $5 billion, with big players like BlackRock and Apollo leading the charge. It’s like a financial game of leapfrog! 🐸
This institutional buildout, combined with historical Q4 strength—often fueled by year-end investment strategies—could trigger an ETH breakout by the end of 2025. So, buckle up, folks! 🚀
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2025-06-14 01:00