Ethereum ($ETH) is expected to see further significant price increases.
However, the expected rate of increase is $ETH It may not happen right away. One analyst said rising bond yields are falling $ETH Staking and $ETH Prices may remain within a certain range.
Markus Thielen, CEO of 10x Research, said that the price of Ethereum is heavily influenced by the flow of funds in spot ETFs.
Mr Thielen said: $ETH Daily net inflows and 30-day moving average into spot ETFs over the past 12 months.
In this context, Thielen points out that institutional capital is an important variable for Ethereum.
However, Thielen pointed out that the US 10-year Treasury yield is above 4.6% amid a rising inflation environment, which is slowing investment in Ethereum.
Therefore, as bond yields rise, staking returns of around 2.5% become relatively less attractive.
In conclusion, Thielen noted that the Spot Ethereum ETF returned to net outflows in May and argued that if the outflow trend continues, Ethereum price is likely to remain within a range without establishing a clear direction for now.
“If the ETF outflow trend continues, Ethereum price is likely to remain in a consolidation range.”
*This is not investment advice.
