Crypto
Ethereum Institutional Demand Grows Amid $5,000 Price Target
Ethereum's price is holding steady near $2,500 as institutional demand for the asset continues to grow.
The U.S. spot Ethereum ETFs have seen significant inflows of $141.4 million on September 3 and another $25.9 million on September 4, while BitMine has accumulated 5.90 million ETH, representing roughly 4.9% of circulating supply.
This institutional demand is keeping the price prediction towards $5,000 alive.
AlphaPepe (ALPE), a token in presale, is building momentum with over $2.6 million raised and passing 11,600 holders, while four CEX partnerships are already locked in before public trading begins.