Ethereum attracts billions – next stop: all-time high?

Ethereum is currently attracting impressive sums through the new US spot ETFs. Yesterday alone, over $295 million flowed into the market, including $101 million from BlackRock, $115.5 million from Fidelity and $63 million from Grayscale. After a long period of sideways movement, this capital inflow provides a lot of momentum and causes the price to rise significantly. Over the last seven days, Ethereum has gained 39 percent and is currently trading at around $3,371 – a sign that interest from institutional investors is massively back.

Ethereum weekly chart, source: https://coinmarketcap.com/currencies/ethereum/

Convincing key figures

With a market capitalization of over $405 billion and a daily trading volume of around $66.9 billion, Ethereum is currently stronger than ever. The new spot ETFs, particularly the BlackRock-led “ETHA,” have funneled over $180 million in fresh capital into Ethereum in the last four days alone. With the supposed change in course from capital outflow to inflow records, the tide could soon turn for the second largest cryptocurrency.

Activity in the Ethereum network is also increasing significantly. Ethereum is now back in the lead in terms of daily active addresses after Solana (SOL) was temporarily ahead. In addition, there is support from pro-crypto policies in the USA, which has a positive impact on the environment for cryptocurrencies.

Thanks to the largest Web3 infrastructure, the Ethereum ecosystem offers many opportunities that are now being noticed more widely by investors. The recent interest rate cuts by the Fed and Bank of England are also likely to be beneficial by making it easier to access capital for crypto investments.

Stablecoins are increasing

The stablecoin market on Ethereum also continues to grow: over $9 billion was added in the last eight days, and the total value locked (TVL) on the network rose from $45 to $59 billion in a week.

TVL comparison Ethereum and Solana, source: https://defillama.com/

Technical analysis

Technically speaking, Ethereum is also well positioned. Price has reclaimed key support at the 200-week moving average, giving bulls a tailwind. If the bullish mood continues, Ethereum could even target the $6,000 mark by the end of the year.

The technical analysis by Coin Codex sees a possible price increase to $4,516.31 in February 2025 – that would be around 34 percent more than the current price. The mood is optimistic: The Fear & Greed Index shows 69 percent (“greed”), and 18 out of 30 days were green last month, with a moderate volatility of 7.57 percent.

3 month forecast for Ethereum, source: https://coincodex.com/crypto/ethereum/price-prediction/

A price range of between $3,451.61 and $3,991.49 is expected for December 2024, which would mean a potential return of up to 18.58 percent. For 2025, Ethereum could be between $3,878.05 and $7,157.78 trade, with November seen as particularly bullish. An average price target of $5,428.22 is given, which would correspond to an increase of over 112 percent compared to current prices.

The momentum is there, the signs point to growth, and a new all-time high seems to be within reach. With the Dencun upgrade earlier this year and the resulting Layer 2 scaling solutions like Pepe Unchained ($PEPU), Ethereum could soon be headed to new highs. Layer 2 solutions also offer interesting opportunities for investors, as Memecoins can be traded cheaply and securely – and significantly faster than on Ethereum.

Click here to explore Pepe Unchained and the latest Layer 2 solution.

Fast, comprehensive and cheap: Pepe Unchained

Pepe Unchained ($PEPU) will revolutionize the market as a Namecoin technology hybrid, leveraging a Layer 2 solution to circumvent some of Ethereum’s biggest challenges. In May 2024, gas fees on Ethereum reached extremely high levels (up to $50), making transactions costly and inefficient for many users. The reason for this was the heavy network utilization and limited scalability. This is where Pepe Unchained comes in: by integrating its own Layer 2 blockchain, transactions run up to 100 times faster and with significantly lower fees. This shift takes the burden off the main blockchain and reduces gas fees while increasing transaction speeds. This makes Pepe Unchained particularly interesting for users who are affected by high fees and long transaction times on Ethereum.

Pre-sale of the token, source: https://pepeunchained.com/de#home

In addition to cost-effectiveness, Pepe Unchained also offers an attractive stake program with high returns. Users who stake their $PEPU tokens can benefit from attractive desirable returns – an incentive that not only strengthens the community but also promotes network security and stability. The combination of faster transactions, modern technology, lower fees and lucrative staking opportunities positions Pepe Unchained as an exciting alternative in the meme coin sector.

While Ethereum continues to function as a secure base, Pepe Unchained provides a cost-effective and efficient platform for transactions and investments. Especially for those looking for a solution to avoid the high gas fees on Ethereum, Pepe Unchained could be a real game changer. After all, the developers want to create an entire ecosystem that is home to a variety of token, DeFi, GameFi and NFT projects. Overall, Pepe Unchained shows how Layer 2 solutions can help solve existing problems on established blockchains while creating new opportunities for users and investors.

Buy Pepe Uncahined in advance.

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