Ethereum (ETH) may be on the brink of unprecedented growth, according to a prominent crypto trader known as Pentoshi.
Pentoshi suggests that the increasing popularity of spot Ethereum exchange-traded funds (ETFs) could push the cryptocurrency to new heights.
The trader expressed confidence that Ethereum could soon surpass its previous records, fueled by accelerating ETF inflows. He believes the current pace of interest and investment in ETH is a clear indicator of its potential to outperform expectations.
Pentoshi also noted a notable shift in Ethereum’s market performance. While some dismissed ETH’s potential earlier this year, it has recently started outperforming major competitors like Bitcoin (BTC) and Solana (SOL). He suggested that Ethereum’s steady climb has caught many by surprise, marking it as the next big player in the crypto market.
Further highlighting the momentum, Pentoshi pointed to recent data showing significant inflows into Ethereum ETFs. Over just a few days in early December, investments surged, with December 5 alone seeing $429 million added. These figures dwarf previous months’ activity and signal growing institutional interest in ETH. For Pentoshi, this trend indicates that Ethereum could soon experience explosive growth—it’s now just a matter of time.
As Bitcoin enters a new on-chain trend phase, two altcoins are standing out for their growing correlation with the leading cryptocurrency and their resilience amid market shakeouts, according to new analysis by Joao Wedson, CEO of analytics firm Alphractal.
Digital asset investment products recorded $1.04 billion in inflows last week, pushing total assets under management (AuM) to a record high of $188 billion, according to the latest report from CoinShares.
The U.S. Securities and Exchange Commission (SEC) is reportedly expediting the review process for spot Solana (SOL) exchange-traded funds, pushing issuers to submit amended S-1 filings by the end of July.
Bonk (BONK) has gone up by 9% in the past 24 hours and currently sits at $0.00002330 after Binance.US shared a cryptic X post that mentioned the token. On Sunday afternoon, the exchange shared a picture of its logo hitting its head with a bat – a clear reference to the viral meme that inspired […]