First $1B Daily Inflow Into ETH

[Macro Exchange]

In the past 24h, Ethereum ETFs saw their first ever billion-dollar inflow:
Blackrock ETHA: +$639.8M
Fidelity FETH: +$276.9M

With other players included — total inflow hits $1.018B.

Ponzi-style firms SBET and BMNR went full degen over the weekend, aggressively buying into almost empty order books. BMNR, led by Tom Lee, even pulled off double the trading volume of MicroStrategy yesterday.

Looks like TradFi has chosen a new toy and is now playing hard with the “ETH treasuries.”

So… how long until we see $5K ETH?

[Charles-Tim]

So… how long until we see $5K ETH?

Maybe this month, ethereum might get to all-time high and maybe rise above $5000. Who knows if the price will fall after. It is having its time now, people are focusing on it but later all will die down in a way that the dip is not going to be easy at all.  But for now, $5000 is possible.

[avikz]

If corporations and shell companies keep on buying like today, then 5k is a small target I would say. This barrier could break in one or two weeks.

I am happy in a way because their focus is shifting from Bitcoin. ETH is anyways a far more centralized crypto than Bitcoin and I personally never wanted Bitcoin to fall into the hands of corporates. But unfortunately, now corporates are holding a significant amount of Bitcoin.

if their shift to ETH leaves Bitcoin alone, I will be more than happy. ETH is anyways a breeding ground of shitcoins. So let the corporations control it.

[Macro Exchange]

If corporations and shell companies keep on buying like today, then 5k is a small target I would say. This barrier could break in one or two weeks.

I am happy in a way because their focus is shifting from Bitcoin. ETH is anyways a far more centralized crypto than Bitcoin and I personally never wanted Bitcoin to fall into the hands of corporates. But unfortunately, now corporates are holding a significant amount of Bitcoin.

if their shift to ETH leaves Bitcoin alone, I will be more than happy. ETH is anyways a breeding ground of shitcoins. So let the corporations control it.

Yeah, same here - let them mess around with ETH and keep their hands off Bitcoin.

[Ojima-ojo]

So… how long until we see $5K ETH?

Maybe this month, ethereum might get to all-time high and maybe rise above $5000. Who knows if the price will fall after. It is having its time now, people are focusing on it but later all will die down in a way that the dip is not going to be easy at all.  But for now, $5000 is possible.

Ethereum holders are beginning to assume that the current Price push will see them to $5k ETHEREUM Price which is somewhat far from what the reality may become in the time to come, and sure you are right, the price of Ethereum may crash back to around $3k any moment and if I have good portfolio in that coin this is the right time to take profits abd wait for the next opportunity which will definitely come sooner than expected.

[TastyChillySauce00]

Possibly next month we are at $5k already.

Inflow is great, ecosystem is getting bigger with the inflow from institutional capitals, see some defi like pendle where they are locking billions right now.
The funny thing is, btc dominance is going down but only very few coin and eth that go up. The dominance is going down and only going to ethereum only, not even sol got the piece of cake.

[asriloni]

So… how long until we see $5K ETH?

The end of this month or next month, maybe. ETH is just very close to the new ETH caused by those ponzi firms were doing degen by keep buying it. They know how tech totally changed the way to earn money these days. Holding ethereum won't only provide them capital gain, but also regular yield to their firm.

Not a bad choice consider ethereum has more utility than Bitcoin. Also the picture above tells how some firms acquired a lot of ether.

The more they buy ether from market, the faster ethereum to get scarce on its circulation in the market. It helps ether to break 5k soon. 

[nelson4lov]

We have to thank Tom Lee for leading the reversal on ETH. Some months ago (March - April), everyone considered ETH to be a dead chain and the gas fee that used to be a high as $50 dropped below $1 because nobody was using the chain anymore. I'm glad that ETH finally found it's way back to the spotlight only that it did so without me.

$5K is sure because what would likely happen is that the price level is already a self-fulfilling prophecy at this point but I don't think we would see $10k without any major rate cuts this year.

[Ojima-ojo]

So… how long until we see $5K ETH?

Maybe this month, ethereum might get to all-time high and maybe rise above $5000. Who knows if the price will fall after. It is having its time now, people are focusing on it but later all will die down in a way that the dip is not going to be easy at all.  But for now, $5000 is possible.

We are going to see a long walk to Ethereum achieving the $5000 price benchmark in this season, although Ethereum have been on some kind of momentum this season that point us to higher possibility of achieving an all time price high for Ethereum, but that could take sometimes may be a bit longer to what you said right here, ending of August is around the corner a d Ethereum have hard a lot of run up already, which definitely ushar in another correction face for the market so ATH in August seem out of reach for now.

[DeathAngel]

So… how long until we see $5K ETH?

In the next 2 weeks I think. Ethereum has been held down long enough now, it’s nearly time to go into price discovery. We probably have 4 months maximum left in this bull market but I predict Ethereum will do very well when it starts going.

[DanWalker]

In the next 2 weeks I think. Ethereum has been held down long enough now, it’s nearly time to go into price discovery. We probably have 4 months maximum left in this bull market but I predict Ethereum will do very well when it starts going.

If we go by history, you wouldn't be wrong in saying that the bull market will end in 4 months. But as we can see, it may turn out differently, there is no rule or guarantee that the market must always follow the old cycle mechanically. Like Bitcoin broke ATH before halving, which has never happened in previous cycles. It is safe to say that things may have changed, and we need to keep a close eye on the market to make timely decisions. Instead of just sticking to the old pattern when there is no guarantee it will repeat.

I don't care when ETH hits $5k anymore, what I care about is when it hits $10k. It was inevitable.  

[Akbarkoe]

So… how long until we see $5K ETH?

In the next 2 weeks I think. Ethereum has been held down long enough now, it’s nearly time to go into price discovery. We probably have 4 months maximum left in this bull market but I predict Ethereum will do very well when it starts going.

I hope so. We've waited too long for Ethereum to reach its peak in this cycle. It's been incredibly difficult to break past $5,000, and Ethereum has been a source of so much drama, and now it seems to have a strong sense of community promise.

I can't wait to feel the rise in the ETH I've held for so long, only earning me insignificant profits from staking. I still need the capital gains.

[passwordnow]

I'd be careful with all of those tradefi or any FIs that are endorsed by known names. They've been into the game for so long and that's why it's best to avoid investing into those if you can easily invest to ETH alone by holding it on your own.

So… how long until we see $5K ETH?

It's no longer to take a while for us to see. Highest was seen during this week and we're just $300 deficit for it to see $5k.

[Odusko]

I'd be careful with all of those tradefi or any FIs that are endorsed by known names. They've been into the game for so long and that's why it's best to avoid investing into those if you can easily invest to ETH alone by holding it on your own.

So… how long until we see $5K ETH?

It's no longer to take a while for us to see. Highest was seen during this week and we're just $300 deficit for it to see $5k.

The price of Ethereum surge in the last week but did not get to all time high, which make it clear that Ethereum lack the ability and capabilities that Bitcoin hard and regardless of no ETF inflow at the time Bitcoin did a multiple all time high, what that means is that, most of those ETF can be a market trick by the whale to trick small hands holders into giving up the little amount of liquidity their have to control the market, I am scared that this inflow may not go well with the Ethereum future market dominance if the price crashed because of the activities of those whales that are buying into the ETF.

[Popkon6]

In the past 24h, Ethereum ETFs saw their first ever billion-dollar inflow:
Blackrock ETHA: +$639.8M
Fidelity FETH: +$276.9M
With other players included — total inflow hits $1.018B.
Ponzi-style firms SBET and BMNR went full degen over the weekend, aggressively buying into almost empty order books. BMNR, led by Tom Lee, even pulled off double the trading volume of MicroStrategy yesterday.
Looks like TradFi has chosen a new toy and is now playing hard with the “ETH treasuries.”
So… how long until we see $5K ETH?

Bitcoin price was likely to touch around $5000 this August, but Ethereum coin is deprived of touching $5000 due to a slight dumping of Bitcoin price. Ethereum coin price touched up to $4789, but we can expect that once the pumping is over, the Ethereum coin price is most likely to touch $5000, because it has given a slight dumping and it has created a buying opportunity for Ethereum investors.

[passwordnow]

So… how long until we see $5K ETH?

It's no longer to take a while for us to see. Highest was seen during this week and we're just $300 deficit for it to see $5k.

The price of Ethereum surge in the last week but did not get to all time high, which make it clear that Ethereum lack the ability and capabilities that Bitcoin hard and regardless of no ETF inflow at the time Bitcoin did a multiple all time high, what that means is that, most of those ETF can be a market trick by the whale to trick small hands holders into giving up the little amount of liquidity their have to control the market, I am scared that this inflow may not go well with the Ethereum future market dominance if the price crashed because of the activities of those whales that are buying into the ETF.

Bitcoin and Eth are no doubt different in so many terms. But it's like king and queen of the crypto market and they have their own capabilities and characters on how they've become better. And with the ETF inflows, it's up to the whales and retailers on how they're going to play with that but I am avoiding that and I'll choose to hold ETH instead of having in any of them.

Bitcoin price was likely to touch around $5000 this August

You mean that it's Ethereum to touch $5k by this month?

[Odusko]

I'd be careful with all of those tradefi or any FIs that are endorsed by known names. They've been into the game for so long and that's why it's best to avoid investing into those if you can easily invest to ETH alone by holding it on your own.

So… how long until we see $5K ETH?

It's no longer to take a while for us to see. Highest was seen during this week and we're just $300 deficit for it to see $5k.

Agreed most of them are all systemically arranged to further promote the whale's assets and to gain more profita from the price surge of those coins, sure Ethereum have a lot of potential but the recent price surge can be traced to some few artificial liqudities support from those big names all just to pump the . Market at the end.

[JeffBrad12]

So… how long until we see $5K ETH?

Maybe this month, ethereum might get to all-time high and maybe rise above $5000. Who knows if the price will fall after. It is having its time now, people are focusing on it but later all will die down in a way that the dip is not going to be easy at all.  But for now, $5000 is possible.

Usually when capital inflow from institutional players are going in and in a huge scale, it will hardly go down, just like bitcoin. These are undeniably passive investor who don't have paper hands, they bought when they low and they are still buying.
I'm leaning more toward ETH going to $5k than it's dumping but right now it's facing correction. As long as BTC didn't just go straight down ETH will be fine.
So what I'm observing right now is the price action of bitcoin, if there's sudden massive dump happens then ethereum won't be let alone. The interesting things though, that ETH have shown some sign of decoupling in its price action against bitcoin. But not too often.

[passwordnow]

I'd be careful with all of those tradefi or any FIs that are endorsed by known names. They've been into the game for so long and that's why it's best to avoid investing into those if you can easily invest to ETH alone by holding it on your own.

So… how long until we see $5K ETH?

It's no longer to take a while for us to see. Highest was seen during this week and we're just $300 deficit for it to see $5k.

Agreed most of them are all systemically arranged to further promote the whale's assets and to gain more profita from the price surge of those coins, sure Ethereum have a lot of potential but the recent price surge can be traced to some few artificial liqudities support from those big names all just to pump the . Market at the end.

Every move that the market is doing from ETH inflows, to other alts motion contributes to the entire market action that we see. And with all of these FIs that are coming out, I am not very confident with all of them because of how many have been abused and hacked, that's the impression that they have on me to be honest. That's the reason why I am not too optimistic with them but I know people in real life that are managing to take the risk that it bears and are profitable with what these FI projects offer to each user.