Whales Stack These Ethereum Meme Coins After Strong ETH ETF Inflows
The post Whales Stack These Ethereum Meme Coins After Strong ETH ETF Inflows appeared on BitcoinEthereumNews.com.
DISCLAIMER: This article is a SPONSORED Press Release and does not constitute Finbold’s editorial content. Crypto assets/products involve significant risks. Do not invest unless you are prepared to lose your entire investment. For a full disclaimer, please . Spot Ethereum ETFs saw a cumulative inflow of $515 million in the past week, the highest since their launch in July 2024. The historic inflows have sparked calls for $10,000 Ethereum in 2025, even as the road to new all-time highs will still require flipping strong resistance levels. Smart money investors are all stacking Ethereum meme coins like Pepe, Bret and Pepe Unchained, eyeing anywhere between 10x to 100x returns from them. Is Ethereum Still A Good Investment? Donald Trump’s victory promises regulatory clarity for crypto assets in the United States, bolstering their appeal to institutional investors. Unsurprisingly, the spot Ethereum ETFs have snapped out of their streak of cumulative outflows following Trump’s win. The difference in the ETF data before and after Trump’s re-election is so stark that Bloomberg analyst James Seyffart suggests creating a distinct timeline, akin to ‘BE’ (Before Election) and ‘AE’ (After Election), to better analyze the impact. Ethereum ETF data will need to be discussed like BC and AD times. Before Trump’s Election & After Trumps ElectionBE & AE https://t.co/YFyCBDNxTQ — James Seyffart (@JSeyff) November 18, 2024 The Ethereum price is currently trading at $3,100 after a 5% correction over the past week. However, ETH appears poised for a bullish breakout from a broadening descending wedge, which often signals a high possibility of a bullish reversal. Prominent crypto analysts remain confident that the Ethereum price will hit $10,000 at some point during this bull run, citing its consolidation and higher-low structure over the past 2.5 years. A flip of the $4k resistance could pave the way for…
Filed under: News - @ November 19, 2024 2:25 pm