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December 18, 2024

Ethereum ETFs Mark 16 Day Inflow Streak Preparing For New ATH

Ethereum spot exchange-traded funds have experienced an impressive 16-day streak of positive daily inflows. This trend raises optimism for Ethereum’s potential new all-time high in the upcoming weeks. However, for ETH to realize this possibility, it must breach the critical resistance level of $4,000. Investors are keenly watching this situation as momentum builds around Ethereum’s price. Should ETH break the resistance, it could trigger a fresh wave of interest and investment. These consecutive inflows indicate increasing support for Ethereum, which could lead to significant price movements. Understanding this momentum is essential for anticipating future trends in the Ethereum market. Keeping an eye on market conditions will empower investors to make informed decisions regarding Ethereum.

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