Ethereum News Today: Ethereum Hits 78% Gain Amid $500M Daily ETF Inflows and Institutional Staking Surge

Ethereum’s price continues to attract strong institutional interest, with recent developments indicating growing confidence in the asset’s long-term potential. Market analysts are now projecting a potential price move toward $5,000 before year-end, driven by consistent ETF inflows and heightened staking activity. Over the past few months, Ethereum has surged 78% from its June low, supported by increased capital from major players like BlackRock, whose Ethereum holdings are nearing $440 million. Daily inflows into ETH ETFs consistently exceed $500 million, reinforcing the token’s institutional appeal [1].

Meanwhile, technical indicators suggest that Ethereum is approaching a key resistance level near $3,800. A successful breakout could potentially push the price toward $4,500. Factors such as reduced exchange supply and $58 billion in futures open interest further underscore the growing demand from institutional investors. While Standard Chartered has set a $4,000 target for the end of 2024, other analysts see potential for Ethereum to reach $5,500–$6,000 if current momentum is sustained [1].

Amid the broader Ethereum narrative, a specific ERC-20 token has begun to draw attention from seasoned investors: Remittix (RTX). The platform is addressing inefficiencies in the global payments sector by offering direct-to-bank transfers across 30+ countries with same-day processing. In a recent token sale, the project raised over $17.7 million, selling 574 million RTX tokens at $0.0876. The CertiK-audited platform enables users to bypass traditional intermediaries, leveraging Ethereum’s decentralized infrastructure to streamline remittance processes [1].

What differentiates Remittix from many speculative altcoins is its focus on real-world utility. The platform supports Ethereum and Solana, with plans to integrate Cardano in the near future. By addressing delays and high costs associated with traditional remittances, Remittix is attracting investors who see the potential for mass-market adoption. Its non-custodial design and enterprise-grade verification further enhance its appeal to businesses, freelancers, and individuals [1].

The project’s strategic timing aligns well with the current bullish sentiment around Ethereum. With Ethereum’s price prediction models pointing to strong upward movement, utility-driven tokens like Remittix are positioned to benefit from the broader ecosystem’s growth. The token’s deflationary mechanics and upcoming Q3 2025 mobile wallet launch, which will include real-time foreign exchange and multi-chain support, are additional factors drawing early interest [1].

Investors are capitalizing on the current opportunity, with over $17.7 million in funds raised and a 50% token bonus still available. Unlike many hype-driven projects, Remittix is addressing a $190 trillion market by solving fundamental inefficiencies in global finance while maintaining decentralized principles. This makes it one of the more compelling investment options in the current market [1].

Source: [1] Experts Single Out This PayFi Altcoin As The Best Crypto To Buy Now Ahead Of Ethereum’s Rally To $5,000 (https://blockonomi.com/experts-single-out-this-payfi-altcoin-as-the-best-crypto-to-buy-now-ahead-of-ethereums-rally-to-5000/)