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Ethereum Rally Fueled by $730M ETF Inflows, Analysts Eye $8,500
Ethereum Rally Driven by Institutional Demand and ETF Inflows
- Ethereum's price surge attributed to fresh institutional demand and significant ETF inflows.
- A single day of ETF inflows reached approximately $730 million, boosting market confidence.
- Standard Chartered forecasts Ethereum to reach $7,500 by year-end; some analysts predict up to $8,500.
Technical Analysis and Market Conditions
- Key technical level at $4,811 identified; breaking this could lead to a move towards $8,500.
- Current trading range observed between $4,400 and $4,600.
- Continued ETF inflows, institutional accumulation, and favorable macro conditions are crucial for reaching higher targets.

Potential Obstacles and Risks
- The $8,500 target relies on multiple positive developments occurring simultaneously.
- Risks include policy changes, decreased ETF demand, or shifts in macroeconomic sentiment.
- Regulatory news and Layer 2 growth impact may affect price dynamics.
The forecast disparity among banks and analysts underscores reliance on future market developments and conditions.