Ethereum Surges: BlackRock Leads $500M ETF Inflows as Price Eyes $5,000 Target
Ethereum, the second-largest cryptocurrency by market capitalization, is experiencing a robust period of institutional interest, further solidifying its position in the mainstream financial landscape. The past week has been particularly noteworthy, with US-based Spot Ethereum Exchange-Traded Funds (ETFs) recording significant inflows for the second consecutive week. This surge in institutional capital is largely spearheaded by investment giant BlackRock, whose ETHA fund alone attracted over half a billion dollars in new investments. This strong buying pressure, coupled with encouraging technical chart patterns, has fueled optimism among analysts who now foresee Ethereum potentially pushing towards its all-time high, with a $5,000 price target appearing increasingly within reach in the coming weeks. Institutional Confidence Builds: Ethereum ETFs See Massive Inflows The institutional narrative surrounding Ethereum continues to strengthen, reflecting a growing confidence among traditional …
