Derived from ZyCrypto, Ethereum's native token, Ether, has been trading between $2,300 and $2,800 for the past month. Veteran chart expert Peter Brandt suggests this phase may end soon, predicting a potential parabolic rally. Brandt's analysis highlights a shift from a descending channel to a symmetrical triangle pattern, historically indicating consolidation before a surge. Ether's price was $2,773 on June 10, marking a 9% increase in 24 hours. Global Ether-based investment vehicles have seen net inflows of over $295 million, totaling $1.5 billion over seven weeks, according to CoinShares. U.S.-listed spot Ether ETFs have attracted $837.5 million since May 16, reflecting strong institutional interest. If this trend continues, inflows could surpass $1 billion, a significant milestone for Ethereum bulls.
Ethereum Poised for Rally as Inflows Hit $1.5B, Says Peter Brandt
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