Ethereum (ETH) is going up fast! In just one day, its price jumped 9% and reached $4,600.
This big rise happened because a lot of money $1.019 billion went into special investment funds called Ethereum ETFs in one day. This is the biggest amount ever for ETH.
Big companies like BlackRock and Fidelity are buying Ethereum through ETFs.
More people are trading NFTs (digital art and items), especially CryptoPunks.
The whole crypto market grew by 13% in July.
Rich investors (whales) are buying and holding more ETH.
If this speed continues, Ethereum might reach $5,000 soon.
