๐ $ETH breaks the record โ Massive institutional flows ignite the market
๐ Current price: $4,624.61 (+7.84% in 24 hours)
๐ฐ Market cap: $60.52 billion (+25.42% in a week)
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๐ฆ ETF fund flows:
- BlackRock's ETHA fund: +$640 million
- Fidelity's FETH fund: +$277 million
- Total flows over 23 days: +$1.02 billion
๐ This reflects the entry of major institutions with high confidence in the future of ETH
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๐ง Key catalysts:
- Weak Bitcoin margins pushed investors towards ETH
- Layer two solutions like Arbitrum and Optimism attract strong flows
- Signs of strong support at $4,500 and a potential target at $5,000
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*๐ฏ Trading strategy:
- Breaking the $4,350 level = important support
- 98.11% of investors are optimistic
- 46.81% of margin positions are long
- Caution advised due to margin volatility at 2,794 ETH
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๐ข Follow channel #CryptoEmad for real-time analyses and trading opportunities not to be missed ๐ฌ
๐ Share your opinion: Is $ETH on its way to breaking $5,000? Or should we expect a correction soon?
#Ethereum #ETFFlows #CryptoMarket #Layer2Boom
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