🚀 $ETH : Institutional Inflows Signal Bullish Momentum
Ethereum (ETH) has recently experienced a notable surge, with its price climbing over 5% to approximately $2,614. This uptick is largely attributed to increasing institutional interest, as evidenced by 12 consecutive days of positive inflows into Ethereum ETFs, totaling $634 million.
Analysts suggest that this trend indicates a rotation of capital from Bitcoin to Ethereum, highlighting $ETH ’s growing appeal among institutional investors.
Key resistance levels to monitor are around $2,925. A sustained move above this threshold could pave the way for further gains toward $3,150 and potentially $3,500.