The Ethereum (ETH) market has recently shown strong momentum, with the ETH price breaking the $4100 mark on Saturday, demonstrating a remarkable pump trend. This rise has largely been driven by Wall Street funds.



Data shows that yesterday's ETH ETF net inflow exceeded 460 million dollars, reflecting the ongoing optimism of American investors towards the Ethereum market. This positive sentiment is not only reflected in the price of ETH itself but is more clearly seen in the performance of related stocks.

For example, BMNR stock, which is regarded as the leader in micro-strategies for ETH, surged by 24% yesterday, significantly outpacing the rise of ETH itself. This phenomenon indirectly confirms Wall Street's optimistic outlook on the prospects of Ethereum. Although ETH also touched $4000 yesterday, its rise was relatively moderate, indicating that institutional investors may prefer to participate in ETH-related investments through the stock market.

Market analysts point out that the current driving force behind the sentiment in the cryptocurrency market mainly comes from Wall Street. The strong performance of BMNR stocks further corroborates Wall Street's confidence in the future development of ETH. This positive sentiment is likely to continue into next week as Wall Street traders return to their jobs, and more buying pressure is expected to be released, pushing the price of ETH further upwards.

It is worth noting that the recent pump in ETH prices is closely related to the overall cryptocurrency market sentiment. As institutional investor participation increases, volatility in the ETH market may become more frequent, and investors need to closely monitor market trends and rationally view short-term rises and falls.
ETH7.16%
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HorizonHuntervip
· 6h ago
Can ETH also have a spring?
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OnchainDetectivevip
· 6h ago
Just lie down and watch the institutions buy up everything.
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StakeOrRegretvip
· 6h ago
Charge, charge, charge, 4k is just the starting point.
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GateUser-afe07a92vip
· 6h ago
The coin has risen again, holding coins to await wealth.
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GateUser-c802f0e8vip
· 6h ago
Daddy Wall Street is really here.
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LayerHoppervip
· 6h ago
Ether finally To da moon.
View OriginalReply0
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