Ethereum Price Rebound Faces Test as Analysts Focus on Fundamentals Over Short-term Speculation
According to ChainCatcher, as reported by Decrypt, Ethereum (ETH) achieved a nearly 40% increase last week, with prices climbing from $1,800 to $2,500, primarily benefiting from the successful Pectra network upgrade and improvements in the global trade environment.
However, market data indicates that this surge was mainly driven by crypto-native investors, with Ethereum spot ETFs experiencing a net outflow of $55 million last week, in stark contrast to Bitcoin ETFs, which saw a net inflow of $600 million.
Volatility models show a 20% probability of ETH surpassing $4,000 by the end of the year, an increase from the previous week's 9% probability. Although the Pectra upgrade completed on May 7 improved network performance, analysts believe that without sustained institutional funding support and a clear regulatory framework, the upward trend may face adjustment pressure.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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