Ethereum Surges on Institutional Demand; AlphaPepe Meme Coin Raises $230K
Ethereum (ETH) has seen a surge in institutional interest, with spot ETFs recording $547 million in inflows. Meanwhile, analysts are bullish on AlphaPepe (ALPE), a meme coin that has raised over $230,000 in its presale and attracted nearly 2,000 holders.
Ethereum's price could rally beyond $5,000 and reach $10,000 in a bullish cycle, according to analysts. This optimism is supported by strong institutional demand, with spot ETFs adding $547 million recently. Citigroup has also lifted its ETH target, reflecting institutional confidence. Ethereum appears to be forming a bull flag pattern, which historically precedes major breakouts, and could potentially carry ETH toward $7,500 in the medium term and as high as $10,000 in an extended rally.
On the other hand, on-chain activity for Ethereum has weakened, with transaction volumes, fees, and active user counts declining compared to earlier highs. Despite this, analysts remain optimistic about Ethereum's long-term prospects.
AlphaPepe, a meme coin, has gained significant traction in its presale, raising over $230,000 and attracting nearly 2,000 holders. The project has also achieved the maximum BlockSafu audit score, providing credibility and setting it apart from typical meme launches. Analysts speculate that AlphaPepe could climb to $0.50 or even $1, representing a 100x upside from current levels.
Ethereum's strong institutional demand and potential bullish price action, coupled with AlphaPepe's successful presale and high audit score, indicate a positive outlook for both projects. Despite short-term volatility and weakened on-chain activity for Ethereum, analysts remain bullish on its long-term prospects and the potential of AlphaPepe.
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