#GateSquare# #ETH Hits 4800# #ETH#

Current developments indicate that institutional support for Ethereum (ETH) is gradually gaining momentum, and could have a direct impact on the price in the coming months. This could support ETH reaching $4,800. The most prominent of these factors are:
-Advances in adoption by traditional financial firms: The entry of companies like Nomura and Fidelity into Ethereum-related projects, whether through investment funds or custodial services, reinforces confidence in the network as a digital asset that can be integrated with existing financial systems.
-IPO plans for Ethereum-related platforms, such as the Bullish Exchange in New York, which has an infrastructure partially built on the ETH network, could attract new liquidity from traditional institutional investors.
-Increased inflows into ETH funds on US exchanges: If the US Securities and Exchange Commission (SEC) approves the conversion of ETH funds into ETFs, it will open the door to massive inflows from pension funds and large institutional investors, similar to what happened with Bitcoin.
- The shift towards institutional decentralized finance (DeFi): With increased liquidity in protocols like Ekubo and the rise in stablecoin trading on ETH, investment banks are beginning to explore blockchain-based financial instruments, boosting demand for ETH as an infrastructure foundation.
- Supportive statements from policymakers, such as the US Treasury Department's reference to the use of the dollar on the blockchain, could drive wider adoption of networks like Ethereum for fast settlement applications.
Note: This information does not constitute investment advice.