- Ethereum accumulation hits record $10B as price targets $4,000 in August.
- ETH staking reaches 30%, easing sell pressure and fueling bullish predictions.
- Remittix emerges as the top PayFi project, with 100x potential and real-world remittance use.
Ethereum is on the last leg towards a historic breakout, as the coin shows a bull pattern for a breakout past $4,000.
The Ethereum price prediction has become increasingly interesting lately as institutional investors pour billions into the ecosystem.
However, as ETH investors roll in, Ethereum-based next-gen projects are also getting a nod in the money flow.
The rise in DeFi solutions on the Ethereum blockchain is raising the stakes as analysts predict $4,000 soon and up to 50x for the new PayFi solution on Ethereum.
Here is what the market could look like in the coming weeks as institutional inflows continue on their record surge.
Key catalysts fueling Ethereum price prediction for $4,000
The ETH ETFs are seeing a surge in institutional demand, with inflows hitting a record high last month.
This rise in demand, beyond the money it drives into the Ethereum ecosystem, shows long-term confidence in the Ethereum ecosystem.
Pulling from recent data, the institutional accumulation has now reached a record $10 billion.
This is because top companies continue buying more ETH in their capital reserve.
In addition, statistics show a mindblowing surge in Ethereum daily accumulation, with more than 800,000 ETH bought daily.
As a result of the daily accumulation surge, the latest Ethereum price prediction now shows it could be hitting $4,000 in August.
The Ethereum price prediction is a response to the spike in the ETHA ETF demand, raising over $2 billion in July.
Ethereum technical analysis for August rally
The rise in Ethereum staking lockups is a significant catalyst fueling the Ethereum price prediction at the moment.
This is as on-chain analysis shows a whopping 30% of the ETH token is in staked lockup.
According to expert opinion, this rising number of staked tokens is fast reducing selling pressure on the Ethereum price.
By implication, $4,000 is likely this August as reducing sell pressure and rising demand see the price on the upside.
However, technical analysis shows the…