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Ethereum close to the highs of 2021 🚀
Ethereum is approaching 4,700 USD today, matching the historical highs reached in November 2021.
Since the beginning of April, the price of ETH has more than tripled, driven by strong capital inflows into exchange-traded funds (ETFs) and a growing appetite for risk assets.
In the last 30 days, ETH has risen by more than 40%, and on Monday, Ethereum ETFs in the U.S. recorded a net inflow of 1.01 billion USD, compared to just 178 million USD in Bitcoin.
The demand for Ethereum is supported by the ongoing weakness of the U.S. dollar and a possible change in the Federal Reserve's policy.
Which could soon begin to cut interest rates (which is almost certainly going to happen starting in May 2028).