Matt Hougan, Investment Director of Bitwise, Crypto Asset Management Company, Ethereum 
$3,738.72He predicted that he would continue to grow in the coming months. Hougan said that the institutional demand for ETH has increased and this increase has a significant impact on the price. Although Ethereum has declined in the first four months of the year, it has gained more than 50 %in the last month and over 150 %since the lowest level in April.
Ethereum (ETH) rise
According to Hougan’s statements, products traded on the stock exchange based on Ethereum in July 2024 were released. Initially, the demand for these products, which had limited interest, has increased rapidly since mid -May. As of May 15, there were entrances exceeding $ 5 billion to Spot Ethereum ETFs.
In addition, some companies began to explain their strategies to keep Ethereum in their treasures. Institutions such as Bitmine and Sharplink announced Ethereum -oriented treasures to the public. These developments pointed out the large -scale ETH purchases made by institutions. Crypto investors’ application – the reason will surprise you!
“ETFs and corporate treasures have purchased a total of 2.83 million ETH since May 15. This exceeds 10 billion dollars at present prices. In the same period, a purchase of 32 times the new supply has been realized. This table explains the increase in ETH price.”
Ethereum Forecasts
Hougan, in the coming months, the opinion that the increase in this demand may continue. It is foreseen that the renewed corporate interest and the developments in the area of toklecoin with Stablecoin can support ETF inputs for Ethereum long -term.
Hougan also said that the tendency of corporate companies to keep Ethereum in their treasures will accelerate.
“When we look at the future, ETFs and Treasury companies can purchase $ 20 billion in the next year. This corresponds to 5.33 million ETH at today’s prices. In the same period, the amount expected to produce the network in the same period may be about 0.80 million ETH. So demand may be about seven times the supply.”
Ethereum is traded for $ 3,705 at the time of the article; In the last 24 hours, there was a depreciation of 1 %. According to experts, the price of the medium and long term is expected to remain in the trend of the price.
Although the investment is generally considered risky in the explanations made on the subject, the increase in institutional activities and volume on Ethereum stands out as a decisive element on the market. Investors are recommended to act by conducting their own research and performing risk analysis. Corporate and individual demand is thought to be effective in price formation by affecting supply-demand balance.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
