Thinking the same as @0xAbhiP đŸ€đŸ» Ethereum will do the comeback and I am thinking about minimum $8000 to happen this cycle tbh All factors he mentioned as well âœđŸ» Let's see fam What do you think around $ETH? 👀
ethereum summer here are some factors that may take eth to $4,000 — institutional accumulation → institutions quietly stacking eth, now hold ~1.44% of total supply ($6B) → ethereum foundation slipping to third place behind bigger institutional players → institutional buying is comfortably outpacing eth issuance coinbase ($COIN) correlation → coinbase stock hitting ath historically signals bullish momentum for eth → strong correlation between coin and eth price movements, something worth watching closely big inflows (institutional + retail) → eth etfs seeing record inflows (40% of total eth etf assets bought in last 8 sessions) → eth futures open interest just hit ath ($50B), clearly institutions positioning big here public company exposure → more public companies betting on eth appreciation for shareholder value → institutional funds starting to regularly include eth in their long-term allocations how i’m positioned → watching institutional activity, coinbase stock movements, and continued etf inflows → pudgy penguins nfts interesting way to indirectly leverage eth upside plus potential value and cultural accrual overall, these are signals, not guarantees but personally most bullish i’ve been on eth in a very long time
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