Don’t write off Ethereum just yet; after Today’s massive inflows into Ethereum ETF spotlight a strong signal of investor confidence in ETH price as the ratio shifts this week.
The ETH/BTC ratio has shown signs of potential bullish momentum for , especially as the news from Ethereum ETFs bolstered market confidence in Ether.
Over the last six weeks Ethereum has been on downturn against . At the same time, double bottom is forming, Ethereum is regaining strength relative to Bitcoin.
The ratio is currently testing key resistance levels, but once it’s broken, an ETH significant shift in market dynamics will occur.
With ETH’s rising value, smaller tokens built on the Ethereum blockchain, either utilities or memes, will have a more upward bullish impact. Here’s why ETH is so bullish right now.
Don’t Write off Ethereum with Today’s Massive Inflows Into Its ETFs, and Best Crypto To Buy
ETH moving averages are crucial in dictating sentiments. The ETH/BTC price has been steadying around the 50MA, with some days seeing it trade above this level, which could be interpreted as a bullish sign for ETH.
Furthermore, the RSI for ETH/BTC has shown signs of bullish divergence favoring ETH.
(ETHBTC)
Today, Ethereum saw a significant inflow of capital, with reports indicating that BlackRock’s “ETHA” recorded the highest inflow at $33 million, followed by Fidelity’s “FETH” with $27 million. A wave of optimism among ETH holders. Today’s combined inflow into these two ETFs amounts to over $60 million into Ethereum.
Today’s inflows are part of a trend of steadily increasing ETH ETF inflows. In December 2024, we saw monthly inflows into Ethereum ETFs reach new highs and build momentum.
These inflows are likely to enhance the market’s positive sentiment towards Ethereum – which has become almost a point of ridicule in recent months.
In addition, institutional money flowing into ETH signals to retail investors that big players have entered Ethereum. With more capital entering Ethereum via ETFs, liquidity increases to reduce volatility. A more stable asset with less volatility attracts bigger investors who are looking for slow, steady growth in their investments.
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Furthermore, we are awaiting an Ethereum update this Q1, Pectra. It introduces significant enhancements in scalability, which reduce transaction fees and increase network capacity. This makes Ethereum more inviting for developers building decentralized applications (dApps).
Pectra also improves security and user experience with better light client syncing, making Ethereum more accessible on devices with limited resources. For stakers and validators, changes will offer more flexibility and efficiency in managing stakes, potentially increasing staking participation and network security.
These upgrades signal Ethereum’s ongoing commitment by actively working on its limitations. People want to see an anticipated reduction in gas fees and improvements. It will be big for Ethereum, imagine spending $3 on gas instead of $10 on Eth.
The next Ethereum network upgrade is codenamed 'Pectra' or 'Petra'.
This is an amalgamation of the name 'Prague' which is given to the execution layer part of the upgrade and 'Electra' which is given to the consensus layer part of the upgrade.
Pectra is slated to go live in Q4…
— sassal.eth/acc 🦇🔊 (@sassal0x) April 12, 2024
Meanwhile, meme coins like Shiba Inu (SHIB) and Pepe (PEPE) have grown into a more serious investment, with their cultish communities that thrive on meme culture. These communities are characterized by high engagement, which drives significant activity on Ethereum.
They boost Ethereum’s network usage, adding big volume by visibility and adoption.
The influence of meme coins directly contributes to Ethereum’s growth by increasing transaction volumes and gas fees. Every trade, transfer, or interaction with these meme coins requires ETH for gas, generating revenue for Ethereum.
EXPLORE: 10 Coins with High Returns: Crypto Forecast 2025
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