Can Ethereum Reach $10K? ETFs, Token Burns, and Whale Moves
Explore Ethereum’s $10K potential as ETFs, whale activity, and token burns drive demand. Discover key factors fueling ETH’s growth.
As the crypto market witnesses a massive demand surge with Trump’s political win, Bitcoin hits $93k and inches closer to the $100k target. On the other hand, Ethereum, the biggest altcoin, shows a bull run struggling to take off. Despite surpassing the $3k barrier, the bull run peaks at $3,446 and retests the $3,100 level.
As the Ethereum rally fails to reach the 52-week high at $4,093, the broader market questions the possibility of a $10k price target. In this article, we have gathered all the necessary market data, price analysis, and institutional support to clear this doubt.
The Power of ETFs: Institutional Support for Ethereum
As Trump promises a new age of crypto in the United States, institutional support is increasing. Floods of inflows in the Bitcoin and Ethereum ETFs are boosting the market price. As of November 14, the Ethereum ETFs recorded six consecutive days of net inflow.
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