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Ethereum Price Forecast: Bernstein predicts buying pressure from banks amid $2.18 billion ETH ETF milestone
Ethereum (ETH) trades near $3,800 following the upcoming launch of The Ether Machine's $1.5 billion ETH treasury and a record weekly inflow of $2.18 billion into US spot ETH exchange-traded funds (ETFs). Meanwhile, Bernstein analysts predict that ETH could see sustained strong buying pressure from banking institutions and fintechs. The Ether Machine announced it will go public with a 400,000 ETH treasury worth over $1.5 billion, according to a press release on Monday. The move follows a merger between The Ether Reserve and Nasdaq-listed Dynamix Corporation (DYNX), a special purpose acquisition vehicle, which will see ... (full story)
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