ETH To $5K Hinges On Improvement In Global Macro

Main meals:

• The ether is struggled to get a bullish momentum despite the gains of S&P 500 and discover the ETHEREM ETF flow.

• Institutional accumulation continues, but the network activity decreases, leaving the ETH goal of $ 5,000.

ETHER (ETH) has been trading within a narrow range from $ 4,200 to $ 4,500 over the past two weeks, which is a unification period after its short meeting with $ 4956 ever on August 24. Atheer merchants are now evaluating the possibility of more upscale momentum as S&P 500 has reached the highest level on Thursday after Thursday.

Ether futures are currently trading by 5 % for standard Spot markets, which reflects the decrease in demand from buyers using the leverage. In neutral market conditions, futures installments generally range between 5 % and 10 % to reflect the longer settlement period. More importantly, even the gathering above $ 4,800 in August was unable to instill sustainable upward feelings among merchants.

The declining trend coincided with Al -Atheer derivatives with 10 consecutive days of net flows from the boxes circulating in Ethereum Spot Exchange (ETFS) that lasted until Monday. The reflection of the trend, followed by 216 million dollars in the net ETF flows on Tuesday and Wednesday, did little to generate permanent upward momentum, leaving traders wondering whether the price of ETH is worth $ 5,000 remains realistic for 2025.

Part of the disappointment of ether investors can be attributed to the decrease in Ethereum network fees, although this problem affected the entire encrypted currency market.

The total ETHEREUM chain fee was $ 42 million over 30 days, a decrease of 7 % from the previous month. In comparison, the drawings of TON 12 % decreased, and Solana witnessed a 2 % decrease. The number of active titles on the ETHEREUM base layer remained flat, while layer 2 solutions such as the base, the definition and the polygons have seen significant decreases.

Related to: ETH Spot ETH $ 1B is bleeding in the 6 -day exterior flow chain with modified optimism fading

Institutions continue to purchase the ether despite the decrease in ONSAIN activity

Although ONSAIN activity is low, founder investors continue to add jobs aimed at long -term reserves. An indulge technique in Bottom (BMNR) added 202,500 ETH to its public budgets in the past seven days, according to the ETH strategy DataWorth more than $ 880 million. The investment listed in the United States now has more than $ 9.1 billion in Ether.

Recent gains in the S&P 500 index not necessarily indicate positive expectations for the wider economy. Traders have become more confident that the US Federal Reserve will have to reduce interest rates after rating demands for unemployment benefits have reached their highest level since October 2021.

The stock market is increasingly more like gold than traditional assets of risks, as it offers profits and rebuilding on the basis of profits, while cryptocurrencies such as ether are still more dangerous amid fear of economic slowdown. Consequently, the road to the price of the ether worth $ 5,000 depends largely on the low total economic uncertainty.

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