Ethereum ETFs See Surge in Inflows Amidst Market Optimism

On Monday, Ethereum exchange-traded funds (ETFs) saw their highest inflows in 30 days, totaling $227 million, signaling growing investor confidence despite ETH's recent price struggles. This surge coincided with increased market optimism following Donald Trump’s inauguration, which boosted overall market sentiment. Institutional interest in ETH remains strong, as evidenced by a $246 million inflow last week, reversing earlier outflows. Additionally, a positive funding rate in the futures market suggests continued bullish sentiment for Ethereum. While ETH currently trades at $3,265, increasing demand could push its price past $3,500, with a potential rally toward $3,675. However, if bearish pressure intensifies, ETH may dip to $3,022.
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Material prepared by the exchange: coytx.com

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