It appears that Ethereum (ETH) has become the belle of the ball, much to the delight of Wall Street’s corporate patrons. After a rather dreary year of playing second fiddle to Bitcoin (BTC)—imagine the poor dear’s plight!—recent on-chain analysis reveals that the long-term investors have decided to roll out the red carpet for Ether.
A Resounding Encore for Ethereum from Long-Term Lovers
Take, for example, the rather sprightly performance of the U.S. spot Ether ETFs, particularly BlackRock’s very own ETHA, which has amassed a staggering cash inflow of approximately $908 million since its debut. Not to put too fine a point on it, but this remarkable influx of dosh has stretched their multi-week streak of cash inflows to a rather impressive $2.7 billion over the past four months. Quite a tidy sum for a digital trinket!
As if that weren’t enough to tickle your fancy, the corporate appetite for Ether has reached stratospheric levels recently. Just ask BitMine, a publicly traded entity, which announced with great glee that its Ether reserves have surged past the halfway mark of $500 million! Following a $250 million private placement—let’s hope that coincides with a fine bottle of bubbly—they have now hoarded a whopping 163,142 coins.
“We are positively chuffed to have bolstered our ETH treasury just three short days after wrapping up our private placement,” declared Jonathan Bates, BitMine’s CEO, likely with a twinkle in his eye. “It is abundantly clear that Wall Street is getting ‘ETH-pilled,’ or whatever the youngsters are saying these days.” 😂
Midterm Price Goals for Our Dear ETH
After a rather tumultuous two-month rollercoaster ride, where one could easily lose one’s lunch, Eth has finally peeked beyond the $3k threshold for the first time since January 2025. With a robust valuation hovering around $363 billion, this large-cap altcoin seems to be sending delightful signals of bullishness, as if the cosmos is in perfect harmony.
$ETH – Consolidate, form a new support, then higher. This is the most bullish way to go higher even though impatient people just want one giant candle.
— IncomeSharks (@IncomeSharks) July 14, 2025
From a technical standpoint that would make a mathematician proud, Ether’s price appears to be ambitiously aiming for $3,400 next, with the golden road to $4k unfolding like a well-rehearsed play. Furthermore, the weekly MACD indicator is flashing bullish vibes as the MACD line joyfully dances above the zero line, much to the delight of the bullish histogram fans.
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2025-07-15 00:27