Ethereum $ETH adds Solana’s entire market cap of $SOL in a week
“$ETH is still moving inside the enlarging wedge pattern…!! In my opinion, the party will start once the wedge breaks out. Medium term target: $5,450.”
“There will soon be a ‘god’ candle for ETH that will literally take everyone by surprise and send ETH straight to Valhalla,” commented ecosystem educator Anthony Sassano on November 12. Earlier this week, he commented on the dissipation of FUD in Ethereum as prices finally rose.
“All the ETH FUD has completely disappeared, and it is now popular to be bullish on ETH again. Narrative follows price – never forget that.”
Other altcoins are also trending at the moment, with Dogecoin (DOGE) up an impressive 33% in the past 24 hours, surpassing $0.40.
On Monday, November 11, spot Ethereum ETFs in the US saw a record $295 million in inflows. BlackRock’s ETHA fund saw $100.5 million, but Fidelity’s FETH fund led the way with $115.5 million in inflows, its largest daily inflow since its launch in July.
Grayscale’s Ethereum Mini Trust saw $63.3 million in inflows, while Bitwise’s ETHW fund saw $15.6 million. Over the past four consecutive trading days, over $500 million has flowed into Ethereum ETFs, bringing the aggregate outflows to just $130 million.
“Record day for crypto ETFs! US Ethereum ETFs recorded their largest net inflow ever with $295.1 million, led by#Fidelity(FETH) with $115.5 million—its largest inflow since launch. Meanwhile, US Bitcoin ETFs were not far behind either, recording a massive inflow of $1.094 billion.”