CryptoQuant: Ethereum May Break $5,000 Due to Increased Institutional Demand

According to a new report from CryptoQuant, Ethereum may soon break $5,000 due to increased institutional demand, which would mark a historic all-time high for the second-largest cryptocurrency by market capitalization. Moreover, on-chain activity is also very active. The company stated in a report on Thursday that the inflow of funds into new Ethereum ETFs has reached record levels.