On December 12, $ENA 8, the net inflow of the U.S. spot Ethereum ETF exceeded $1 billion in a single day, setting a new historical high. This drove the price of Ethereum to briefly surpass $4,300, outperforming Bitcoin (BTC), Ripple (XRP), and Solana (SOL). A large influx of institutional funds strongly entered the Ethereum market, showing the strong confidence of mainstream financial institutions in ETH. If ETH breaks through the key resistance level of $4,400, it could trigger over $1.4 billion in short liquidations.

💬 Does the strong performance of the Ethereum ETF indicate that the crypto market is about to welcome a new round of institutional bull market? Will we see new historical highs?