Since the November U.S. presidential election, Ethereum has surged over 140%. However, it has yet to surpass its all-time high (ATH) from March 2024.
On a positive note, institutional capital inflows into Ethereum ETFs have grown significantly. Trading volume for Ethereum ETFs has increased by approximately 300% compared to September and October.
Additionally, November's chart movement has formed a rising wedge pattern. As this pattern nears completion, a significant price fluctuation could be imminent.
If institutional support for ETF inflows continues, Ethereum could surpass its previous ATH, following a trajectory similar to Bitcoin's recent performance.
Written by Yonsei_dent
