CryptoQuant: Ethereum Could Break $5,000 Due to Increased Institutional Demand
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Odaily reports that according to a new CryptoQuant report, Ethereum may soon break through $5,000, as institutional demand is increasing, which would mark a new all-time high for the second-largest cryptocurrency by market cap. Moreover, on-chain activity is also very active. The company said in a report on Thursday that the inflow of funds into the new Ethereum ETF has hit a record. Last week, global investors injected $1.2 billion in new capital into Ethereum funds, a record since the spot ETF began trading in the US a few months ago.
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