#ETH🔥🔥🔥🔥🔥🔥

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𝙀𝙩𝙝𝙚𝙧𝙚𝙪𝙢 𝙀𝙏𝙁 𝙄𝙣𝙛𝙡𝙤𝙬𝙨 𝙃𝙞𝙩 𝙍𝙚𝙘𝙤𝙧𝙙 𝙃𝙞𝙜𝙝 𝙖𝙨 𝙀𝙏𝙃 𝙎𝙪𝙧𝙜𝙚𝙨 𝙋𝙖𝙨𝙩 $3,400

US spot Ethereum exchange-traded funds (ETFs) recorded a historic daily net inflow of $726 million on Wednesday, signaling robust institutional interest in Ethereum as the altcoin market gains strength. The investment vehicles shattered the previous record that stood at $428 million, set on December 5, 2024, as ETH soared to levels not seen since January this year.

ETH price is trading just under $3,400 at the time of writing, marking an 8.85% increase in the past 24 hours. The surge comes as Bitcoin dominance begins to decline after reaching the 2020 resistance, fueling expectations that the altcoin rally may persist in the coming weeks.

As clear from the chart above, the 20-day and 50-day Exponential Moving Averages at $2,866 and $2,647, respectively, act as major support levels for the ETH price trajectory as the cryptocurrency eyes new all-time highs above $5,000.

Combining the recent acquisitions, ETH-focused treasury firms have amassed around 600,000 ETH, worth over $2 billion, over the past month. This includes GameSquare’s $100 million strategy and purchases by BitMine among others.

Binance Square contributor AB Kuai.Dong recently explained on X that while Bitcoin-focused strategies are already saturated, ETH offers a fresh narrative for companies looking to build market buzz. Ether’s smaller market cap compared to BTC also leaves significant room for growth and market imagination.