Bearish Targets Get Activated for Ethereum; What’s Next for the ETH Price Rally as Bulls Remain Vigilant!

Ethereum is heading to become one of the top blockchains for Wall Street with the new launch of Etheralize. It is a startup that calls itself an institutional marketing and product arm of the Ethereum ecosystem. Vitalik & Ethereum Foundation’s new investment is expected to be at the forefront of global finance and achieve a similar success as Bitcoin witnessed after the launch of the spot ETF.  This could significantly impact the ETH price rally in the coming days as the spot Ethereum ETF also records significant gains. 

In an interesting update, the ETH spot ETFs witnessed over $70 million inflow, marking 6 consecutive days of gains. This indicates a rise in the trader’s interest over the token, as the institutions seem to be bullish over the ETH price rally. Meanwhile, the current market dynamics suggest that the token is likely to enter a downtrend and probably enter the demand zone around $3000. 

Now the question arises: whether the ETH price will rebound above $4200 and trigger a massive altseason?