"Ethereum, Upside Momentum Has Strengthened"

Analysis suggests that the upward momentum of Ethereum (ETH) is strengthening.

On the 10th (local time), QCP Capital stated in a report, "Ethereum is quietly regaining its dominance in the (leading altcoin) narrative," and added, "△ Increase in implied volatility △ Short-term ATM volatility entering the 70% range △ Growth in call options △ Rising perpetual futures funding rate—all have strengthened the upward momentum."

It continued, "The flow into the Ethereum spot ETF is also positive," noting, "Institutional investors' interest is rising." According to the data, last week, $281 million flowed into the Ethereum spot ETF. This reflects a trend where institutions are recognizing Ethereum as infrastructure for real-world assets (RWA).

Moreover, it was noted that the macro environment is also favorable for Ethereum. The report forecasts, "The US stablecoin bill, called GENIUS, is expected to pass," and added, "The growth of stablecoins further raises the potential upside for Ethereum."

As of 7:55 PM, on Binance USDT market, Ethereum was trading at $2,693, up 6.17%.