"Ethereum (ETH), Potential to Recover $4,000"

JH Kim

Summary

Several analysts stated that Ethereum (ETH) is projected to recover to $4,000.
They cited steady capital inflows into spot ETFs, increasing staking volume, and the expansion of holdings of addresses that are only purchasing as reasons for ETH's upward momentum.
From June 1 to 15, the ETH staking volume increased by more than 500,000 ETH, and the ETH holdings of addresses making only purchases surpassed 22.8 million.

There are projections that the price of Ethereum (ETH) could recover to $4,000.

According to Cointelegraph, a cryptocurrency-specialized media outlet, on the 19th (local time), multiple analysts forecast that ETH's upward trend is likely to continue, citing steady capital inflows into spot ETFs, increasing staking volume, and the growing holdings of addresses that continue buying without selling as reasons.

From June 1 to 15, the ETH staking volume increased by over 500,000 ETH, and the ETH holdings of addresses conducting only purchases exceeded 22.8 million.

Meanwhile, at 01:03 on the 20th, ETH was trading at $2,498.01 on the Binance Tether (USDT) market, down 0.39% from the previous day.

ETH