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Ethereum Climbs on ETF Inflows and Upgrade Hopes as MAGACOIN Presale Hype Builds

ETH has risen roughly 12% this week, with some analysts eyeing a near-term test of $5,500.

Overview

  • Ethereum is trading around $4,400–$4,500 after a weekly gain of about 12%, with short‑term targets near $5,500 and cycle forecasts ranging from $6,000 to $10,000.
  • Analysts highlight ETF inflows, exchange outflows, and the planned Fusaka upgrade—aiming to lift the gas limit to 60 million—as the core drivers of the bullish setup.
  • Coindoo reports that BitMine Immersion Technologies purchased approximately $961 million in ETH within a week and now holds more than 2.65 million ETH, underscoring perceived institutional demand.
  • Commentators anticipate a familiar rotation from ETH leadership into higher‑beta altcoins, with MAGACOIN FINANCE repeatedly mentioned as a prominent presale candidate in that trade.
  • Promotional materials cite HashEx and CertiK audits for MAGACOIN, Stage 3 pricing at $0.000318 with a 10% discount, and return projections from 55x to about 12,000%, which are estimates rather than independently verified outcomes.