Ethereum Rally Gains Momentum as BlackRock-Led ETF Inflows Propel Price Towards $5,000

Ethereum Rally Gains Momentum as BlackRock-Led ETF Inflows Propel Price Towards $5,000
Ethereum, the second-largest cryptocurrency by market capitalization, is currently experiencing a significant surge in institutional interest, reinforcing its growing importance within the broader financial landscape. The past week has been particularly instrumental, as US-based Spot Ethereum Exchange-Traded Funds (ETFs) recorded substantial inflows for the second consecutive week. This robust influx of institutional capital is predominantly driven by investment behemoth BlackRock, whose ETHA fund alone attracted over half a billion dollars in fresh investments. This formidable buying pressure, combined with compelling technical chart patterns, has significantly boosted optimism among market analysts. Many now anticipate that Ethereum is well-positioned to challenge its all-time high, with a $5,000 price target appearing increasingly achievable in the near term. Institutional Capital Floods Ethereum ETFs for Second Consecutive Week The narrative of institutional adoption for Ethereum co…