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Wall Street Piles Up Ethereum: ETH Price Warms Up for $4k Next

Published by
Steve Muchoki

The demand for Ethereum (ETH) has gone up through the roof in recent times, led by Wall Street corporations. After more than a year trailing Bitcoin (BTC) in net cash inflows, on-chain data analysis shows that long-term investors have favored Ether.

Ethereum Records Renewed Demand for Long-term Investors

For instance, the U.S. spot Ether ETFs, led by BlackRock’s ETHA, recorded the highest weekly cash inflow, of about $908 million, since their inception. As a result, the U.S. spot Ether ETFs extended their multi-week streak of cash inflows, whereby the cohorts have recorded over $2.7 billion in net cash inflows for the past four months.

The demand for Ether by corporations has also skyrocketed in the recent past. For instance, BitMine, a publicly traded company, announced on Monday that its Ether holding has surpassed $500 million. After closing a $250 million private placement, BitMine increased its ETH bath to 163,142 coins.

”We are pleased that we added significantly to our ETH treasury just 3 days after closing our private placement,” Jonathan Bates, CEO of BitMine, noted. “Clearly Wall Street is getting ‘ETH-pilled.”

Midterm Targets for ETH Price

After consolidating in a choppy mode for the past two months, Eth price recently broke out beyond $3k for the first time since January 2025. The large-cap altcoin, with a fully diluted valuation of about $363 billion, has since signaled bullish sentiment.

From a technical analysis standpoint, Ether price is aiming for $3,400 next with the pathway towards $4k more clear. Furthermore, the weekly MACD indicator has flashed bullish sentiment after the MACD line recently crossed above the zero line amid increasing bullish histograms.

Steve Muchoki

Steve is a crypto news writer with a passion for decoding market moves. He blends breaking blockchain news with sharp technical analysis and bold price predictions. From Bitcoin rallies to altcoin breakouts, Steve breaks it all down with clarity and insight. Whether you're a trader or just curious, his analysis keeps you ahead of the curve.

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