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The post<a href="https://cryptosnewss.com/analyst-predicts-dogecoin-could-reach-new-all-time-high/" rel="noopener noreferrer nofollow"> </a><a href="https://cryptosnewss.com/ethereum-inflows-surge-to-2-2b-10k-target-in-sight/" rel="noopener noreferrer nofollow">Ethereum Inflows Surge to $2.2B: $10K Target in Sight?</a> appeared first on<a href="https://cryptosnewss.com/" rel="noopener noreferrer nofollow"> Cryptos Newss</a>.<ul><li>Ethereum sets a new year-to-date inflow record at $2.2 Billion, beating its 2021 highs.</li><li>ETH could hit $10K in the midterm if more chain activities continue to thrive.</li></ul><a href="https://cryptosnewss.com/category/ethereum-news/" rel="noopener noreferrer nofollow">Ethereum [ETH]</a> set a new record for inflows, reaching $2.2B year-to-date, surpassing its previous record of 2021.The recent inflows accounted for $634 million, indicating a significant boost in investor confidence and market sentiment.The surge was attributed to Ethereum ETFs’ strong performance. These ETFs have become a preferred vehicle for investors as they offer exposure to ETH without direct investment in the digital currency.The growing institutional interest was evident as large sums continue to be directed towards <a href="https://cryptosnewss.com/ethereums-bull-flag-points-to-4k-analysts-remain-cautious/" rel="noopener noreferrer nofollow">Ethereum</a>-based investment products.Despite some fluctuations and market volatility, the overall trend for Ethereum appeared bullish, with the increased institutional backing providing a solid foundation for future growth.These developments coincided with overall increasing inflows into crypto ETPs, with Ethereum leading the way alongside Bitcoin.<h2 id="header-0">ETH TVL and Spot ETFs inflows</h2>In the past week, Ethereum experienced a significant influx of $4.81 billion, leading to a notable increase in its total value locked (TVL), as <a href="https://x.com/lookonchain/status/1863527846100312497" rel="noopener noreferrer nofollow">reported </a>by Lookonchain.These inflows have propelled Ethereum’s Layer-2 networks to a new high, with the combined TVL reaching a record $51.5 billion—a 205% surge over the year.Additionally, Base’s TVL rose by $302.02 million, reflecting heightened activity and scalability improvements.This record growth in DeFi TVL has not only revisited the highs of November 2021 but also diversified with increased liquid staking options, <a href="https://cryptosnewss.com/category/bitcoin-news/" rel="noopener noreferrer nofollow">Bitcoin</a> DeFi integrations, and enhanced contributions from Solana and other Layer-2 networks.Also, Ethereum’s spot ETFs reported a substantial net inflow of $24.23 million, marking six consecutive days of positive inflowLeading the surge, BlackRock’s ETHA ETF saw a remarkable single-day inflow of $55.92 million. Similarly, Fidelity’s FETH ETF showed strong performance, with a net inflow of $19.90 million.Together, the total net asset value of ETH spot ETFs has reached $11.13 billion, highlighting a sustained and growing interest in Ethereum as a significant asset in the digital currency space.<h2 id="header-1">Price action to hit $10K</h2>These developments could push ETH to new heights, as the chart on a 3-day timeframe shows a breakout from a consolidation triangle and a sharp surge.Since early 2021, ETH’s price has maintained an overall bullish trend, with some periods of corrections and consolidation.ETH is on the verge of breaking free from a triangular pattern, aiming for higher levels with an anticipated surge towards $10,000.The uptrend, reaching slightly past $3600, suggested Ethereum could potentially hit $10,000 in the midterm if the chain activity continues to thrive.Such movement indicated strong buyer interest and solid market sentiment, possibly setting a new stage for Ethereum’s growth.The post <a href="https://cryptosnewss.com/ethereum-inflows-surge-to-2-2b-10k-target-in-sight/" rel="noopener noreferrer nofollow">Ethereum Inflows Surge to $2.2B: $10K Target in Sight?</a> appeared first on <a href="https://cryptosnewss.com/" rel="noopener noreferrer nofollow">Cryptos Newss</a>.

Ethereum Inflows Surge to $2.2B: $10K Target in Sight?

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