Ethereum's Path: ETFs, Market Trends, and Future Price Predictions
Ethereum is experiencing a surge in institutional investments and ETF interest, with trading volumes for Ethereum ETFs reaching a record $1.63 billion, marking a 44% weekly increase. Despite being 36% below its all-time high, Ethereum's price has risen by 25% recently, driven by increased on-chain activity and whale purchases. The growth of Layer 2 solutions is enhancing Ethereum's scalability, while its correlation with Bitcoin has decreased, indicating Ethereum's growing independence in the crypto market.
