While Ethereum (ETH) has recently trailed Bitcoin in terms of price momentum, a deeper analysis of market fundamentals reveals a narrative of ‘hidden strength’ driven by institutional accumulation. Analysts point to several key factors suggesting that ETH is primed for a significant recovery, with $2,400 acting as a primary near-term target. First, the impact of spot Ethereum ETFs is beginning to stabilize. After initial outflows following the conversion of the Grayscale Ethereum Trust, net inflows into newly launched products have started to trend positively. This shift indicates a growing appetite among traditional investors to gain exposure to the leading smart-contract platform. Second, on-chain metrics show that the supply of ETH on exchanges has reached its lowest levels in years. As more Ether is locked in staking protocols or moved to cold storage, the resulting ‘supply shock’ makes the asset more sensitive to buying pressure. Currently, over 28% of the total ETH supply is staked, providing a secure yield that remains attractive to institutional desks seeking productive assets. Finally, the derivatives market signals bullish undertones. Open interest on the Chicago Mercantile Exchange (CME) has seen a steady rise, reflecting increased hedging and speculative activity from professional traders. If ETH can successfully breach the current resistance levels around $2,350, the path to $2,400 becomes increasingly clear. Institutional backing, combined with constrained supply, suggests that Ethereum’s period of underperformance may soon come to an end.
Source: Ether’s hidden strength: Why institutional demand points to $2.4K
コメント