Ethereum shows significant growth, nearing its all-time high, due to strong investor interest and a positive economic outlook in the US.
Crypto Market and US Inflation Dip
Ethereum closed up 8% at $4,695, marking its highest level since November 2021. The rally occurred amid lower-than-expected US inflation data, boosting investor risk appetite.
Record Inflows into Ethereum ETFs
Recent days have seen significant inflows into Ethereum-based ETFs, with more than $1 billion entering yesterday, marking the largest single-day influx since their launch last July. In total, over $1.5 billion has been attracted to these ETFs in 48 hours, extending the positive growth streak to six days.
Analysis of Possible Ethereum Correction
Despite the positive momentum, analysts warn of a potential correction soon. Some experts noted that the current rise could lead to steep declines if the price drops below $4,150, stressing that sharp increases are often followed by significant corrections.
Ethereum continues to impress with its growth amid positive economic news and high ETF trading activity. However, analysts highlight potential correction risks in the near future, necessitating caution from investors.
