Ether’s Price Surge: A Deep Dive into the 47% Monthly Gain
Ether has experienced a significant 47% price increase over the past month, reaching $3,600. According to Felix Xu, a partner at ZX Squared Capital, this upward trend is expected to continue. The surge is driven by substantial inflows into US spot Ether ETFs and mixed signals from the US Federal Reserve.
Key Factors Behind Ether’s Rally
- A record $727 million flowed into Ether ETFs in a single day
- ETF funds are securely held in cold storage, minimizing immediate sell pressure
- Political pressure on the Federal Reserve to lower interest rates is creating favorable conditions
Potential for Ether to Reach $10,000
While ambitious, experts suggest this target could be achievable under certain conditions:
- Sustained strong inflows into Ether ETFs
- Inclusion of staking features in Ether ETFs
- Continued growth in Ethereum‘s adoption and use cases
Expert Perspectives on Ether’s Future
Trevor Koverko, co-founder of Sapien, shared his cautious optimism: ‘With strong macroeconomic tailwinds and broader ETF adoption, ETH could potentially approach $10,000.’
