Editor's PiCK
Ethereum On the Verge of Record High... Buying Momentum Rises Amid Policy Changes and Institutional Demand
Summary
- Ethereum is reportedly on the verge of reaching an all-time high due to factors such as institutional capital inflows and increased regulatory clarity.
- Policy changes in the United States, such as permitting virtual asset investment through 401(k) retirement plans and establishing stablecoin regulations, have improved the investment environment for Ethereum.
- Ethereum spot ETFs recorded a record net inflow of $1 billion, and the current price is $4,725.23, close to the historical high.
Ethereum (ETH) is on the verge of reaching an all-time high due to a combination of factors, including institutional capital inflows and regulatory clarity.
According to The Block on the 13th (local time), Ari Auerbach of Offchain Labs commented, "With policy changes and products, and infrastructure all in place," adding, "This has established the foundation for Ethereum to break and maintain a new all-time high."
In fact, recent policy changes in the United States, such as allowing investment in virtual assets (cryptocurrency) through 401(k) retirement plans and establishing stablecoin regulations via the GENIUS bill, have provided greater regulatory clarity. Additionally, Ethereum spot ETFs saw a record net inflow of $1 billion on the 11th.
Meanwhile, Ethereum is currently trading on CoinMarketCap at $4,725.23, up 2.76% from the previous day. The all-time high was recorded at $4,891 in November 2021.
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
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