#ArbitrageTradingStrategy Ethereum Price News: Ethereum Price Breaks $3K as ETF Inflows, Tokenization Narrative Fuel Breakout

AI Summary

Ethereum surged to its highest level in over four months, driven by strong ETF inflows and renewed interest in its tokenization role. Price nears key resistance at $3,000, with support at $2,750.

Ethereum’s ETH Surges Toward $3K as ETF Flows and Tokenization Narrative Spark Renewed Momentum

Ethereum’s native token, ETH, surged to its highest price in over four months on Thursday, nearing the key psychological threshold of $3,000, as Bitcoin (BTC) set a new all-time high above $115,000.

The rally marked a 6.7% 24-hour gain, bringing ETH to $2,996, according to CoinMarketCap data. The second-largest cryptocurrency has underperformed in this market cycle compared to BTC and Solana (SOL), but sentiment around ETH appears to be shifting.