Ethereum could surpass its all-time high if SEC approves staking in ETH ETFs under the Trump administration.
Ethereum ETFs and Staking Potential
Ethereum’s price, currently around $3,630, could see a significant surge if it breaks through a key descending resistance trendline. A major catalyst for this potential rise could be the approval of staking in Ethereum ETFs by the SEC, particularly under the anticipated crypto-friendly policies of a Trump administration. Ethereum ETFs have shown strong performance, recording their highest weekly inflows since launch. On Friday, they saw inflows of $332.9 million, further boosting Ethereum’s market position compared to Bitcoin ETFs, which saw outflows of $136.5 million.
Rising Staking Yields and Network Activity
Ethereum’s staking yield is an appealing factor for investors, currently averaging 3%, with predictions that it could increase to 4-5% as network activity rises. ETH’s growing number of active addresses and ongoing price discovery for Layer 2 transactions indicate a positive trend, which could pressure the SEC to approve staking in ETH ETFs. If staking yields become more attractive, Ethereum could see even more significant interest from institutional investors.
Technical Outlook and Price Predictions
Ethereum is approaching crucial price levels after a rejection near the upper boundary of its symmetry triangle, with resistance at its previous all-time high of $4,878. If Ethereum sustains a move above $4,093, it could test its previous record high, marking a potential turning point for a long-term bullish trend. With the Relative Strength Index (RSI) indicating bullish momentum, Ethereum could continue its upward trajectory if these levels hold.
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