The Ethereum ETF approval has proven to be a strong bullish catalyst with a rising inflow from institutional traders. As the Ethereum price continues laying a foundation for a bull breakout, the ETF shows strong performance with over $1.4 billion last week.
More interestingly, the Ethereum ETF inflow last week outpaced the Bitcoin ETF, now setting a stronger bullish sentiment. However, with the rising demand and bullish sentiment growing stronger, is the Ethereum price set for the $6,000 price prediction?
Here are the details on the record-breaking Ethereum ETF inflow and the key factors that could be supporting the $6,000 prediction.
How Ethereum Price Continues Toward $6,000 With ETF Surge
The Ethereum ETF records a massive $1.4 billion, continuing 11 straight weeks of inflow growth. According to a top report, the BlackRock ETHA alone saw a single-day inflow of about $266 million. Beyond the figures, the Ethereum ETF surge shows a spike in institutional demand, which is now reflecting on the Ethereum price growth.
According to public data, just about 16% of the Ethereum coin is left on exchanges, which could lead to a tight supply to demand. Experts believe Ethereum ETF growth will have a direct effect on the price as demand grows higher than the coin left on exchanges.
Rise In Ethereum ETF Inflow Fueling Price Growth
Ethereum Price breakout in the last two weeks has seen it on a new bullish path, now trading above a critical support level. According to a Standard Chartered analysis, the Ethereum price could be ripe for a surge to beyond $4,000 this year.
This surge is predicted to draw strength from the rising Ethereum inflow and staking approval. Technical analysts suggest a break above $4,000 might be all Ethereum needs to rally to $6,000.
The Role Of Remittix In This Surge For Investors
As Ethereum ETF continues to fuel a bullish speculation for the altcoin market, Remittix shows a potential for a 5000% breakout. While investors bank on the Ethereum price surge with growing sentiment, Remittix investment now at $0.0876, could be the game-changer to maximise the crypto profit.
As the Ethereum price surge has been noticed to fuel an altcoin market growth, investing in a high utility token like Remittix could add 50x to investors’ profit.
Remittix is a PayFi solution focusing on crypto-to-fiat payment directly to bank accounts. However, with analysis of the Remittix solution, experts believe this solution could help Remittix expand faster this year, even beyond the crypto landscape. Here are some factors that are currently fueling demand:
- Payment support for more than 40 crypto assets that can be easily converted to fiat for sending to bank accounts
- Smart contracts audit with CertiK showing security validation and transparency
- Remittix Beta wallet launch set for the third quarter this year
Discover the future of PayFi with Remittix by checking out their project here:
Website: https://remittix.io/
Socials: https://linktr.ee/remittix
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