ETH unlikely to correct soon, says analyst after 43% rally

Ethereum (ETH) has surged 43% over the past month at the time of writing, and a sharp correction is unlikely in the near term, according to Felix Xu, partner at crypto hedge fund ZX Squared Capital. In an interview with Cointelegraph, Xu cited strong U.S. spot ETF inflows and political pressure on Federal Reserve Chair Jerome Powell as bullish factors, though he said a move to $10,000 by year-end is unlikely without broader adoption and sustained inflows.