ETHOnTheRise
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$ETH
$132K ETH Short Liquidated at $3757.74 – Bulls Charge Forward!
Subheading:
A massive liquidation shakes the market as Ethereum climbs higher. Here’s what happened and what it means for traders.
Key Points:
1. Market Movement:
Ethereum hit $3757.74, triggering the liquidation of a $132K short position.
Sharp upward momentum caught bears off guard, fueling volatility.
2. Market Sentiment:
Bullish sentiment dominates as $ETH pushes towards multi-month highs.
Key support levels for the rally: Analyze current buying strength and volume spikes.
3. Technical Perspective:
Resistance breached: Breaking above $3700 ignited momentum.
Next targets: $3800 and psychological $4000 mark.
4. Lessons for Traders:
Importance of stop-losses in high-leverage trades.
Monitoring liquidation zones to predict price action.
5. Broader Implications:
Could signal increased institutional activity.
Possible ripple effects across other altcoins.
Call to Action:
"Are we seeing the start of the next $ETH rally, or is this just a bull trap? Stay tuned for more updates on the market’s next move!"
This style blends data-driven insight with engaging language, perfect for social media or a blog post.
Let me know if you'd like further tweaks!
#ETHOnTheRise #XRPReclaimsTop3 #ThanksgivingBTCMoves #BinanceBNSOLPYTH
#BitwiseFiles10ETFs
$132K ETH Short Liquidated at $3757.74 – Bulls Charge Forward!
Subheading:
A massive liquidation shakes the market as Ethereum climbs higher. Here’s what happened and what it means for traders.
Key Points:
1. Market Movement:
Ethereum hit $3757.74, triggering the liquidation of a $132K short position.
Sharp upward momentum caught bears off guard, fueling volatility.
2. Market Sentiment:
Bullish sentiment dominates as $ETH pushes towards multi-month highs.
Key support levels for the rally: Analyze current buying strength and volume spikes.
3. Technical Perspective:
Resistance breached: Breaking above $3700 ignited momentum.
Next targets: $3800 and psychological $4000 mark.
4. Lessons for Traders:
Importance of stop-losses in high-leverage trades.
Monitoring liquidation zones to predict price action.
5. Broader Implications:
Could signal increased institutional activity.
Possible ripple effects across other altcoins.
Call to Action:
"Are we seeing the start of the next $ETH rally, or is this just a bull trap? Stay tuned for more updates on the market’s next move!"
This style blends data-driven insight with engaging language, perfect for social media or a blog post.
Let me know if you'd like further tweaks!
#ETHOnTheRise #XRPReclaimsTop3 #ThanksgivingBTCMoves #BinanceBNSOLPYTH
#BitwiseFiles10ETFs
Iola Amberson Yv7L:
XRP will overtake Ethereum, buy now or get left behind
$ETH /USD at Critical Level – A Short-Term Surge Awaits!
$ETH /USD is currently trading at $3,746.04, showing strong bullish momentum on the 15-minute timeframe. With resistance looming at $3,760.00, the price is testing a key decision point. Traders should consider entering a long trade at $3,746.00 if bullish momentum continues.
Short-term targets are closely placed to maximize profitability, with TP1 at $3,752.00, TP2 at $3,760.00, and TP3 at $3,768.00. The support level at $3,734.00 serves as a critical stop-loss point, ensuring minimal risk. As ETH flirts with a breakout, a sustained push above $3,760.00 could confirm further upside. Watch closely this is a high-potential move in the making!
#ThanksgivingBTCMoves #XRPReclaimsTop3 #ETHOnTheRise
$ETH /USD is currently trading at $3,746.04, showing strong bullish momentum on the 15-minute timeframe. With resistance looming at $3,760.00, the price is testing a key decision point. Traders should consider entering a long trade at $3,746.00 if bullish momentum continues.
Short-term targets are closely placed to maximize profitability, with TP1 at $3,752.00, TP2 at $3,760.00, and TP3 at $3,768.00. The support level at $3,734.00 serves as a critical stop-loss point, ensuring minimal risk. As ETH flirts with a breakout, a sustained push above $3,760.00 could confirm further upside. Watch closely this is a high-potential move in the making!
#ThanksgivingBTCMoves #XRPReclaimsTop3 #ETHOnTheRise
$ETH Long Liquidation Update: A $75.5K position was wiped out at $3,655.68, reflecting heightened volatility.
Next move?
ETH’s rejection at $3,655 suggests selling pressure.
Watch $3,600 as a key support—if broken, it could dive toward $3,500.
On the upside, reclaiming $3,700 could reignite bullish momentum.
Monitor volume spikes and price action closely before making your move!
#AIAndGameFiBoom #XRPTrends #XRPReclaimsTop3 #XRPReclaimsTop3 #ETHOnTheRise
$ETH
Next move?
ETH’s rejection at $3,655 suggests selling pressure.
Watch $3,600 as a key support—if broken, it could dive toward $3,500.
On the upside, reclaiming $3,700 could reignite bullish momentum.
Monitor volume spikes and price action closely before making your move!
#AIAndGameFiBoom #XRPTrends #XRPReclaimsTop3 #XRPReclaimsTop3 #ETHOnTheRise
$ETH
$ETH
$ETH Liquidated Short
Liquidation Type: Short
Amount: $73,300
Price Level: $3,745.33
This signals bullish momentum as shorts are squeezed at higher price levels. Traders should stay vigilant for potential follow-through or consolidation in ETH’s price action.
Market Implications:
Uptrend Continuation: Possible push higher as shorts exit.
Key Levels to Watch: Immediate resistance near $3,750 and potential support around $3,700.
Risk Management Reminder:
Always monitor liquidation zones and adjust positions to mitigate risk in volatile markets.
#ETHOnTheRise #XRPReclaimsTop3 #NFTIsBack #XRPTrends #ThanksgivingBTCMoves
$ETH Liquidated Short
Liquidation Type: Short
Amount: $73,300
Price Level: $3,745.33
This signals bullish momentum as shorts are squeezed at higher price levels. Traders should stay vigilant for potential follow-through or consolidation in ETH’s price action.
Market Implications:
Uptrend Continuation: Possible push higher as shorts exit.
Key Levels to Watch: Immediate resistance near $3,750 and potential support around $3,700.
Risk Management Reminder:
Always monitor liquidation zones and adjust positions to mitigate risk in volatile markets.
#ETHOnTheRise #XRPReclaimsTop3 #NFTIsBack #XRPTrends #ThanksgivingBTCMoves
$ETH Liquidation Alert
A significant $105,000 ETH long position has been liquidated at $3,710.18.
This event highlights the volatility in the Ethereum market as traders navigate high-stakes positions.
Liquidations of this magnitude are a clear reminder of the importance of proper risk management in leveraged trading.
Whether you're a seasoned trader or just observing, this move can provide insights into market sentiment and potential opportunities.
Stay vigilant, and always trade responsibly.
💡 Pro Tip: Monitor key support and resistance levels to anticipate such high-impact liquidations and refine your strategies for future trades.
Keep an eye on the charts—markets are heating up!
#ETHOnTheRise #XRPReclaimsTop3 #NFTIsBack #XRPTrends
A significant $105,000 ETH long position has been liquidated at $3,710.18.
This event highlights the volatility in the Ethereum market as traders navigate high-stakes positions.
Liquidations of this magnitude are a clear reminder of the importance of proper risk management in leveraged trading.
Whether you're a seasoned trader or just observing, this move can provide insights into market sentiment and potential opportunities.
Stay vigilant, and always trade responsibly.
💡 Pro Tip: Monitor key support and resistance levels to anticipate such high-impact liquidations and refine your strategies for future trades.
Keep an eye on the charts—markets are heating up!
#ETHOnTheRise #XRPReclaimsTop3 #NFTIsBack #XRPTrends
Following the Whale attack, $ETH dropped to $3650. started once more. upward motion. $ETH recovered $3706 once more. It will soon sit at $37.50 and $4000. After plunging to a 24-hour low of 3,650, $ETH/USDT is displaying encouraging recovery signals. The price has gained speed with a +0.41% advance and has recovered strongly to 3,706.14. Strong purchasing activity close to the lower levels supports the chart's possible upward trend. A breakout over this crucial level can start a rally towards higher goals because resistance is there at the 24-hour high of 3,760. Traders should monitor the 3,650 support zone, though, as a decline below it would signal bearish pressure. Look for consistent price action above 3,725 for lucrative trades, and manage your stop-loss below 3,650.
#ETHOnTheRise #ETH🔥🔥🔥🔥
#ETHOnTheRise #ETH🔥🔥🔥🔥
#ETHOnTheRise
ETH at the verge of fight between bulls and bears. Let see what is happening next in market. $ETH is gona very aggressive.
Not financial advice
#DYOR
ETH at the verge of fight between bulls and bears. Let see what is happening next in market. $ETH is gona very aggressive.
Not financial advice
#DYOR
$ETH
Ethereum Holds Ground Amidst Pressure
ETH is trading at $3,683.96, showing a slight dip of -0.28% in the last 24 hours. With a high of $3,760.00 and a low of $3,650.00, Ethereum continues to demonstrate resilience in a volatile market.
Trading volume remains strong with 482,933 ETH exchanged, reflecting solid market interest. Despite the recent pullback, ETH shows signs of recovery, attempting to stabilize above key support levels.
Will Ethereum regain momentum and push toward $3,800, or is further consolidation in store? Stay tuned as the market closely watches ETH's next move
#ETHOnTheRise
#XRPReclaimsTop3
#NFTIsBack
#XRPTrends
#ThanksgivingBTCMoves
Ethereum Holds Ground Amidst Pressure
ETH is trading at $3,683.96, showing a slight dip of -0.28% in the last 24 hours. With a high of $3,760.00 and a low of $3,650.00, Ethereum continues to demonstrate resilience in a volatile market.
Trading volume remains strong with 482,933 ETH exchanged, reflecting solid market interest. Despite the recent pullback, ETH shows signs of recovery, attempting to stabilize above key support levels.
Will Ethereum regain momentum and push toward $3,800, or is further consolidation in store? Stay tuned as the market closely watches ETH's next move
#ETHOnTheRise
#XRPReclaimsTop3
#NFTIsBack
#XRPTrends
#ThanksgivingBTCMoves
$ETH Bulls Strike Again!
$50.2K SHORT just got LIQUIDATED at $3730.56!
The market is on fire as Ethereum charges ahead, leaving short traders in the dust.
Is this the beginning of a new ETH rally? Momentum is building, and the charts are pointing up!
Stay sharp, trade smart – the next move could be massive! Don’t miss out on this electrifying market action.
#ETHOnTheRise
#XRPReclaimsTop3
#NFTIsBack #XRPTrends #AIAndGameFiBoom
$50.2K SHORT just got LIQUIDATED at $3730.56!
The market is on fire as Ethereum charges ahead, leaving short traders in the dust.
Is this the beginning of a new ETH rally? Momentum is building, and the charts are pointing up!
Stay sharp, trade smart – the next move could be massive! Don’t miss out on this electrifying market action.
#ETHOnTheRise
#XRPReclaimsTop3
#NFTIsBack #XRPTrends #AIAndGameFiBoom
Liquidation Frenzy
A massive $381K SHORT on $ETH just got wrecked at $3689.96!
The bulls charged through resistance, leaving bearish bets in flames. This explosive move has shaken the market—could it signal a breakout rally?
Momentum Check:
Will $ETH surge higher, or are we due for a cooling-off?
Traders, the Ethereum bulls are roaring—time to ride the wave or brace for the storm. Fortune favors the bold
#ETHOnTheRise #XRPReclaimsTop3 #ThanksgivingBTCMoves #AIAndGameFiBoom #MarketInTheGreen
$ETH
A massive $381K SHORT on $ETH just got wrecked at $3689.96!
The bulls charged through resistance, leaving bearish bets in flames. This explosive move has shaken the market—could it signal a breakout rally?
Momentum Check:
Will $ETH surge higher, or are we due for a cooling-off?
Traders, the Ethereum bulls are roaring—time to ride the wave or brace for the storm. Fortune favors the bold
#ETHOnTheRise #XRPReclaimsTop3 #ThanksgivingBTCMoves #AIAndGameFiBoom #MarketInTheGreen
$ETH
PuffMaster:
3655 they drink them
We are seeing a correction in the markets....for now chill & wait [ Do Nothing]....after corretion buy the dips since it's just a correction doesn't mean the bullish momentum is done. I still believe in hitting the 4000 mark for $ETH 📊📉📈
#ETHOnTheRise #MomentumStrategies
#ETHOnTheRise #MomentumStrategies
$ETH weekly chart looking nice. Holding 3.6k zone.
Could Retest more Downside like <3.5K
we would see $ETH 4K -4.8K in this December.
#ETHOnTheRise
Could Retest more Downside like <3.5K
we would see $ETH 4K -4.8K in this December.
#ETHOnTheRise
ETH Market Shake-Up!
A whopping $73.3K SHORT just got LIQUIDATED at $3745.33!
The Ethereum bulls are flexing their muscles, crushing resistance and forcing shorts to fold under the pressure.
Is this the sign of another bullish breakout? The market is heating up, and all eyes are on ETH as it gains momentum.
Don't get left behind—stay ahead of the action and seize the opportunity before it’s too late!
$ETH
#ETHOnTheRise
#XRPReclaimsTop3
#NFTIsBack
#XRPTrends
#ThanksgivingBTCMoves
A whopping $73.3K SHORT just got LIQUIDATED at $3745.33!
The Ethereum bulls are flexing their muscles, crushing resistance and forcing shorts to fold under the pressure.
Is this the sign of another bullish breakout? The market is heating up, and all eyes are on ETH as it gains momentum.
Don't get left behind—stay ahead of the action and seize the opportunity before it’s too late!
$ETH
#ETHOnTheRise
#XRPReclaimsTop3
#NFTIsBack
#XRPTrends
#ThanksgivingBTCMoves
After Whale attack $ETH down to $3650... Now again started Upward momentum .. $ETH hit back $3706 again .. Soon will sit at $37,50... and $4000..
$ETH /USDT is showing promising recovery signs after dipping to a 24-hour low of 3,650. The price has rebounded sharply to 3,706.14, gaining momentum with a +0.41% increase. The chart reflects a potential upward movement, supported by strong buying activity near the lower levels. With resistance looming at the 24-hour high of 3,760, a breakout above this key level could trigger a rally toward higher targets. However, traders should keep an eye on the 3,650 support zone; a drop below this could invite bearish pressure. For profitable trades, look for sustained price action above 3,725, with stop-loss below 3,650 to manage risks effectively.
#ETHOnTheRise #ETH🔥🔥🔥🔥
$ETH /USDT is showing promising recovery signs after dipping to a 24-hour low of 3,650. The price has rebounded sharply to 3,706.14, gaining momentum with a +0.41% increase. The chart reflects a potential upward movement, supported by strong buying activity near the lower levels. With resistance looming at the 24-hour high of 3,760, a breakout above this key level could trigger a rally toward higher targets. However, traders should keep an eye on the 3,650 support zone; a drop below this could invite bearish pressure. For profitable trades, look for sustained price action above 3,725, with stop-loss below 3,650 to manage risks effectively.
#ETHOnTheRise #ETH🔥🔥🔥🔥
$ETH
Ethereum (ETH) remains a key player in the crypto market this December 2024, driven by its role in DeFi and smart contract adoption. #XRPReclaimsTop3
Current price activity showcases consistent demand, reflecting its importance in decentralized applications. $BTC #NFTIsBack
Analysts anticipate a possible upward trend, with growing interest in its underlying blockchain technology as a driver for future growth. #ETHOnTheRise #ETH
Ethereum (ETH) remains a key player in the crypto market this December 2024, driven by its role in DeFi and smart contract adoption. #XRPReclaimsTop3
Current price activity showcases consistent demand, reflecting its importance in decentralized applications. $BTC #NFTIsBack
Analysts anticipate a possible upward trend, with growing interest in its underlying blockchain technology as a driver for future growth. #ETHOnTheRise #ETH
🚨 $ETH Bulls Break Barriers! 🚨
💥 A whopping $195K SHORT just got LIQUIDATED at $3738.64! 💥
📈 Ethereum surges forward, leaving short-sellers in the dust as the bulls dominate the market. 🚀
🔥 Is this a signal for a major breakout? ETH is showing strong momentum, and traders are eyeing the next big move.
💡 Stay ahead of the game—opportunities like this can define your strategy. Don’t miss out on the action!
#ETHOnTheRise
#XRPReclaimsTop3
#NFTIsBack
#XRPTrends
#ThanksgivingBTCMoves
💥 A whopping $195K SHORT just got LIQUIDATED at $3738.64! 💥
📈 Ethereum surges forward, leaving short-sellers in the dust as the bulls dominate the market. 🚀
🔥 Is this a signal for a major breakout? ETH is showing strong momentum, and traders are eyeing the next big move.
💡 Stay ahead of the game—opportunities like this can define your strategy. Don’t miss out on the action!
#ETHOnTheRise
#XRPReclaimsTop3
#NFTIsBack
#XRPTrends
#ThanksgivingBTCMoves
Ethereum Bulls Lead: $4K Within Reach
Ethereum price is rising beyond $3,600. ETH may likely break the $3,800 barrier zone due to optimistic indications.
Ethereum rose from $3,550.
The price is above $3,550 and the 100-hour SMA.
The hourly ETH/USD chart shows a positive trend line with support at $3,700.
The pair might rise again if it breaks $3,750.
Ethereum Price Expects Growth
Ethereum price stayed over $3,350 and rose like Bitcoin. ETH broke $3,450 and $3,550 barrier.
Bulls pushed price beyond $3,700. The price is consolidating gains after hitting $3,748. Below $3,720, prices fell somewhat. Price dropped and challenged the 23.6% Fib retracement line of the rising wave from $3,572 swing low to $3,748 high.
Ethereum is over $3,550 and the 100-hour SMA. On the hourly ETH/USD chart, a positive trend line connects to $3,700.
The price may face resistance at $3,740 on the upside. Around $3,750 is the first substantial obstacle. Main resistance is about $3,800. A clean break over $3,800 might push the price above $3,880. Above $3,880 barrier might lead to greater advances in the following sessions. In this situation, Ether may reach $3,940 or $4,000.
ETH Downside Correction?
Ethereum may fall again if it fails to break $3,750. The downside has first support at $3,700. Around $3,675 is the first substantial support.
A clean break below $3,675 support might bring the price near $3,640, the 61.8% Fib retracement level of the rising wave from $3,572 swing low to $3,748 high. If losses continue, the price may reach $3,570 support. Next important support is $3,550.
Tech Indicators
Hourly MACD - ETH/USD MACD is losing bullish momentum.
Hourly ETH/USD RSI is over 50.
Major Support: $3,700
Major Resistance: $3,750
#ETHOnTheRise #BitwiseFiles10ETFs #MarketInTheGreen $ETH
Ethereum price is rising beyond $3,600. ETH may likely break the $3,800 barrier zone due to optimistic indications.
Ethereum rose from $3,550.
The price is above $3,550 and the 100-hour SMA.
The hourly ETH/USD chart shows a positive trend line with support at $3,700.
The pair might rise again if it breaks $3,750.
Ethereum Price Expects Growth
Ethereum price stayed over $3,350 and rose like Bitcoin. ETH broke $3,450 and $3,550 barrier.
Bulls pushed price beyond $3,700. The price is consolidating gains after hitting $3,748. Below $3,720, prices fell somewhat. Price dropped and challenged the 23.6% Fib retracement line of the rising wave from $3,572 swing low to $3,748 high.
Ethereum is over $3,550 and the 100-hour SMA. On the hourly ETH/USD chart, a positive trend line connects to $3,700.
The price may face resistance at $3,740 on the upside. Around $3,750 is the first substantial obstacle. Main resistance is about $3,800. A clean break over $3,800 might push the price above $3,880. Above $3,880 barrier might lead to greater advances in the following sessions. In this situation, Ether may reach $3,940 or $4,000.
ETH Downside Correction?
Ethereum may fall again if it fails to break $3,750. The downside has first support at $3,700. Around $3,675 is the first substantial support.
A clean break below $3,675 support might bring the price near $3,640, the 61.8% Fib retracement level of the rising wave from $3,572 swing low to $3,748 high. If losses continue, the price may reach $3,570 support. Next important support is $3,550.
Tech Indicators
Hourly MACD - ETH/USD MACD is losing bullish momentum.
Hourly ETH/USD RSI is over 50.
Major Support: $3,700
Major Resistance: $3,750
#ETHOnTheRise #BitwiseFiles10ETFs #MarketInTheGreen $ETH
🚨$ETH On Fire! 🚨
$132K SHORT LIQUIDATED at an explosive $3757.74!
The Ethereum bulls just delivered a knockout punch, sending shorts crashing and igniting the market!
ETH is proving its dominance – breaking resistance and aiming higher. Is this the start of the next massive rally?
Traders are on edge, and the crypto space is buzzing. Are you riding the wave or watching from the sidelines?
Stay sharp, stay ahead – this ETH surge could change the game!
#ETHOnTheRise
#XRPReclaimsTop3
#NFTIsBack
#ThanksgivingBTCMoves
#ThanksgivingBTCMoves
$ETH
$132K SHORT LIQUIDATED at an explosive $3757.74!
The Ethereum bulls just delivered a knockout punch, sending shorts crashing and igniting the market!
ETH is proving its dominance – breaking resistance and aiming higher. Is this the start of the next massive rally?
Traders are on edge, and the crypto space is buzzing. Are you riding the wave or watching from the sidelines?
Stay sharp, stay ahead – this ETH surge could change the game!
#ETHOnTheRise
#XRPReclaimsTop3
#NFTIsBack
#ThanksgivingBTCMoves
#ThanksgivingBTCMoves
$ETH
💥Spot Ethereum ETFs Surpass Single-Day Record With $333 Million Inflow — Details💥
The US-based spot Ethereum ETFs (exchange-traded funds) have continued to shine after putting in a strong performance in the past week. After a period of significant outflows in recent weeks, the crypto products have received significant attention from investors in the United States.
As a result, the Ethereum ETFs ended the month of November, its best 30-day period since launch, on a positive note. This recent shift in investor sentiment was also reflected in the price of Ethereum, which has crossed the $3,500 mark for the first time since July 2024.
Ethereum ETFs Overtake Bitcoin’s In A Single Day For The First Time Ever
The latest market data from SoSoValue showsthat the US-based spot Ethereum ETFs saw a total net inflow of $333 million on Friday, November 29. This represents the crypto exchange-traded funds’ best single-day performance since launch, surpassing the former record of $295 million set on November 11.
Breaking down the data; BlackRock’s ETH ETF (with the ticker ETHA) accounted for the majority of the capital inflow, registering an influx of $250 million on Friday. Coming in second place was Fidelity’s Ethereum Fund (with the ticker FETH), witnessing an inflow of nearly $80 million to close the week.
Interestingly, Grayscale’s Ethereum Mini Trust (with the ticker ETH) also posted a daily inflow of $3.39 million on Friday. The other spot Ethereum ETFs in the US didn’t record any capital movement to close the last five-day period.
More notably, this single-day performance represents the fifth straight day of the Ethereum funds recording a net inflow. To kick off the week, the crypto products recorded a measly inflow of $2.83 million on Monday, November 25.
However, the inflows grew stronger as the week went on, with the spot Ethereum ETFs posting $40.6 million and $90.1 million on Tuesday and Wednesday, respectively. Cumulatively, these capital inflows put the weekly performance for the crypto products at $466 million, which just about falls short of the $515 million record.
Interestingly, the single-day inflow record of $332 million is the first time in history that the Ethereum ETFs’ performance would surpass that of their Bitcoin counterparts. According to data from SoSoValue, the spot Bitcoin exchange-traded funds registered a total net inflow of $320 million.
Ethereum Price At A Glance
As of this writing, the price of Ethereum is hovering around the $3,700 level, with a 3% increase in the last 24 hours. The altcoin’s performance is more remarkable on the weekly timeframe. According to data from CoinGecko, the second-largest cryptocurrency is up by almost 8% in the past seven days.
#ETHOnTheRise
As a result, the Ethereum ETFs ended the month of November, its best 30-day period since launch, on a positive note. This recent shift in investor sentiment was also reflected in the price of Ethereum, which has crossed the $3,500 mark for the first time since July 2024.
Ethereum ETFs Overtake Bitcoin’s In A Single Day For The First Time Ever
The latest market data from SoSoValue showsthat the US-based spot Ethereum ETFs saw a total net inflow of $333 million on Friday, November 29. This represents the crypto exchange-traded funds’ best single-day performance since launch, surpassing the former record of $295 million set on November 11.
Breaking down the data; BlackRock’s ETH ETF (with the ticker ETHA) accounted for the majority of the capital inflow, registering an influx of $250 million on Friday. Coming in second place was Fidelity’s Ethereum Fund (with the ticker FETH), witnessing an inflow of nearly $80 million to close the week.
Interestingly, Grayscale’s Ethereum Mini Trust (with the ticker ETH) also posted a daily inflow of $3.39 million on Friday. The other spot Ethereum ETFs in the US didn’t record any capital movement to close the last five-day period.
More notably, this single-day performance represents the fifth straight day of the Ethereum funds recording a net inflow. To kick off the week, the crypto products recorded a measly inflow of $2.83 million on Monday, November 25.
However, the inflows grew stronger as the week went on, with the spot Ethereum ETFs posting $40.6 million and $90.1 million on Tuesday and Wednesday, respectively. Cumulatively, these capital inflows put the weekly performance for the crypto products at $466 million, which just about falls short of the $515 million record.
Interestingly, the single-day inflow record of $332 million is the first time in history that the Ethereum ETFs’ performance would surpass that of their Bitcoin counterparts. According to data from SoSoValue, the spot Bitcoin exchange-traded funds registered a total net inflow of $320 million.
Ethereum Price At A Glance
As of this writing, the price of Ethereum is hovering around the $3,700 level, with a 3% increase in the last 24 hours. The altcoin’s performance is more remarkable on the weekly timeframe. According to data from CoinGecko, the second-largest cryptocurrency is up by almost 8% in the past seven days.
#ETHOnTheRise