Ethereum strengthens its market position with a price surpassing $3400. Interest in the asset grows amid an overall increase in digital asset market capitalization.
Major Ethereum Surge
Currently, Ethereum (ETH) has shown impressive growth, surpassing the $3400 mark. The price has risen 23% over the past week, attracting the attention of traders and investors across the market.
Investor Activity
According to data from Lookonchain, Donald Trump through World Liberty Financial invested $10 million in 3007 ETH at an average price of $3326. Following suit, SharpLink Gaming acquired 20,279 ETH for approximately $68.38 million. Meanwhile, anonymous whale 0x35fb purchased 7980 ETH from Kraken, adding to the intrigue among major market players.
Record Inflows for ETH ETFs
Ethereum-linked ETFs have reported their best day ever, drawing in a record $726.74 million in net inflows. The total assets of ETH ETFs have reached $16.41 billion, with significant inflows from BlackRock and Fidelity.
The Ethereum market continues to display activity with rising prices and interest from both major investors and ETFs. More dynamics may be ahead as the asset gains popularity.
