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ETH reaches a new high flight with $ 4,781.24: increase in ETF inflows and trading volume strengthen cryptocurrency
Rising Ethereum courses: ETH has $ 4.781.24 In the past few days, the Ethereum course (ETH) has recorded a remarkable increase and reached a level of $ 4.781.24, which corresponds to almost the record price. This development is supported by increased demand and an increased volume of ETFs (Exchange Traded Funds), as recent reports from Cryptoquant show. A crucial factor for ...
ETH reaches a new high flight with $ 4,781.24: increase in ETF inflows and trading volume strengthen cryptocurrency
increasing Ethereum courses: ETH reaches $ 4.781.24
In the past few days, the Ethereum course (ETH) has recorded a remarkable increase and reached a level of $ 4.781.24, which corresponds to almost the record price. This development is supported by increased demand and an increased volume of ETFs (Exchange Traded Funds), as recent reports from Cryptoquant show.
A decisive factor for the increase in the price is the positive development of the commercial volume and the inflows in ETFs that invest in Ethereum. This could indicate a growing interest of institutional investors, especially to Ethereum, which is considered the second largest cryptocurrency according to Bitcoin.
In addition, the ratio of ETH to BTC (Bitcoin) exceeded the 365-day average brand. This could indicate greater market dynamics and an increased trust of investors in Ethereum, which could have a positive effect on the price.
Overall, the current developments in the Ethereum market show that both interest and investment volume increase. However, investors should keep an eye on the volatility of the cryptocurrency markets, since prices can fluctuate heavily at short notice