The price of Ethereum has skyrocketed 38% in the past 7 days, surpassing Bitcoin's 30% increase. The market capitalization of Ethereum has risen by over $100 billion, exceeding $400 billion for the first time since July, compared to the total market cap of Solana. 🤑
ETH reached a nearly 4-month high of $3,384 and is targeting the resistance level of $3,500. Nevertheless, ETH is still trading within an expanding wedge pattern, with a potential breakout approaching. 📈
Ethereum ETFs in the U.S. also recorded a record inflow of $295 million, with Fidelity's FETH fund leading at $115.5 million. In the last 4 trading days, over $500 million has flowed into Ethereum ETFs.