Ethereum (ETH): $5,000 Is Next Price Target, Institutional Flows Show

With large-scale investors clearly regaining confidence in spot ETFs, Ethereum looks to be setting up for a significant institution-driven move. According to data available, Bitcoin spot ETFs saw net inflows of $149 million on Oct. 27, which was the third day in a row that they saw positive capital movement. More significantly, there were zero net outflows from any of the nine active Ethereum spot ETFs, resulting in $134 million in total inflows. This is an uncommon and potent sign of ongoing institutional appetite.