Fusaka Upgrade Reignites Confidence in Ethereum, Analysts Eye $3,500 Target

The cryptocurrency market is witnessing a recovery, with XRP Exchange Traded Funds (ETFs) experiencing significant daily inflows, while Solana ETFs have recorded notable outflows. This trend highlights XRP's growing dominance in the ETF space, as it approaches $1 billion in inflows after a streak of 13 consecutive days of positive net flows.

XRP exchange-traded funds (ETFs) are nearing a significant milestone, with total assets under management approaching $1 billion. Since their launch last month, these ETFs have experienced substantial daily inflows, making XRP the most successful new ETF entrant of 2025.

Ethereum's price has retraced from the $3,240 level and is currently testing the $3,150 support zone, a critical area for traders amid ongoing market volatility and selling pressure. Despite a modest rebound, uncertainty persists as bulls attempt to defend this level.

Bitcoin has recently experienced a significant liquidity injection of $13.5 billion from the Federal Reserve, marking the end of its quantitative tightening program. This move has led to a notable increase in the total cryptocurrency market cap, which has risen by over $250 billion since early December. The injection is seen as a potential catalyst for a bullish trend in Bitcoin and the broader crypto market.

Bitcoin remains stable at around $90,000, while corporate acquisitions of Ethereum have plummeted by 81% over the last three months. Despite this decline, major ETH holders are continuing to purchase significant amounts of Ether, indicating a strategic accumulation amidst market fluctuations.

Bitcoin and Ether have experienced a combined outflow of $236 million, reflecting a negative sentiment in the cryptocurrency market, while Solana has managed to remain stable amidst these fluctuations. This outflow indicates a shift in investor confidence, particularly affecting Bitcoin and Ether's market positions.

Bitcoin is currently trading around $91,000 after a minor dip, with analysts divided on the market's direction. Some believe the recent correction is a healthy reset, while others fear the onset of a new bear market. A critical price level for young long-term holders is the Realized Price of $96,956, which is seen as a psychological barrier for market stability.

ProShares has decided to withdraw its lineup of leveraged exchange-traded funds (ETFs) that included Bitcoin, Ether, XRP, and Solana following a request for revisions from the SEC. This move underscores the ongoing regulatory scrutiny faced by financial products linked to cryptocurrencies, particularly those involving leverage.