Ethereum hits new high, leaves crypto community perplexed
On Sunday, Ethereum (ETH)$ETH rose to an all-time high of $4,935.52, up over 35% in a month.
This ongoing bullish momentum is drawing strength from institutional inflows, new milestones, and the broader renewed investor optimism.
SoSoValue data supports the argument of institutional boom into the asset. Ethereum$ETH spot ETFs maintained their strong momentum with a daily net inflow of $337.6 million on August 22nd, and since launch, over $12.4 billion in total inflows.
