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Ethereum: 2 major factors that could take ETH back to $4K
The Ethereum market has been experiencing a rollercoaster ride lately, with prices plummeting and then suddenly bouncing back up. This volatility has left many wondering whether the asset will continue its downward trend or if there are any underlying factors driving the sudden surge in value.
Recent reports have suggested that a company affiliated with Donald Trump, World Liberty Financial, has been accumulating large amounts of ETH. The acquisition of $5 million worth of Ethereum has led to speculation that this could be contributing to the improved sentiment and potential upward trajectory.
Additionally, it has come to light that Ethereum ETFs have continued to maintain positive flows for the past eight days. This inflow of demand from institutional investors could help shield ETH from any further sell pressure and potentially drive prices higher.
While many are cautious about the future prospects of the asset, these two major factors could be driving the recent surge in value and paving the way for a potential return to $4,000.
Source: ambcrypto.com
