Ethereum is experiencing a significant surge, breaking through barriers as institutional demand rises.
Ethereum targets $3,500 Traders are anticipating a rise in Ethereum’s price to $3,500 as the cryptocurrency gains momentum. Over the past days, Ethereum has steadily climbed, closing above $2,900 and marking a significant recovery post a slow first half of the year. Analysts predict that if this trend continues, it could reach $4,100 in the upcoming weeks.
Meanwhile, World Liberty Financial has been acquiring substantial amounts of Ethereum, bolstered by Eric Trump’s notable involvement. As per reports, their DeFi project currently holds around $150 million in Ethereum assets, supplying liquidity through popular platforms such as Aave.
In a related note, Joseph Lubin has highlighted that numerous companies are now adding Ethereum to their portfolios, indicating a shift in how traditional finance is viewing digital assets. This growing enthusiasm suggests that Ethereum’s staking rewards are increasingly attractive to long-term investors.
Recent Developments
- Bitcoin has also seen a spike, reaching above $118,000, resulting in a positive ripple effect across altcoins.
- Recently, institutions bought over $383 million ETH ETF shares, indicating a strong interest despite regulatory limitations on staking.
- The current Ethereum network is providing a 3% APY yield for stakers, with over 35.66 million ETH staked across more than a million validators.
