Ethereum

2024

Bank

Solana

<p>As the crypto cash flow continues to <a href="https://coinpedia.org/price-analysis/ethereum-price-prediction-can-eth-price-smash-4k-this-week/" target="_blank" rel="noreferrer noopener">favor large-cap altcoin, Ethereum</a> (ETH) has reminded speculative investors why it is the top-traded altcoin. The veteran altcoin, with a market cap of over $401 billion and a daily average trading volume of around $66.9 billion, has surged 41 percent in the last eight days to trade about $3,332 on Tuesday, November 12, during the early European session.</p>   
<p>What's driving this explosive growth? Let's delve deeper. </p>   
<h2 class="wp-block-heading" id="h-ethereum-s-growth-the-bulls-are-back">Ethereum's Growth: The Bulls Are Back! </h2>   
<p>After trailing Solana (SOL) in daily active addresses in the recent past, the Ethereum bulls have re-awakened. Ethereum's bullish momentum has significantly surged following the <a href="https://coinpedia.org/news/2024-us-elections-result-donald-trump-officially-elected-president/" target="_blank" rel="noreferrer noopener">recent U.S. election</a>, which saw the victory of pro-crypto leaders.&nbsp;</p>   
<p>The Ethereum ecosystem, home to the largest <a href="https://coinpedia.org/beginners-guide/what-is-web-3-0/" target="_blank" rel="noreferrer noopener">Web3 network</a>, has also benefited from last week’s <a href="https://coinpedia.org/news/federal-reserve-slashes-interest-rates-by-25-basis-points-sending-bitcoin-price-towards-new-ath/" target="_blank" rel="noreferrer noopener">Federal Reserve rate cut</a>, which was followed by a similar move from the Bank of England (BoE). These actions have helped fuel a rise in institutional confidence, driving Ethereum's market growth.</p>   
<p><strong>Institutional Demand Pushes Ethereum’s Value Higher</strong></p>   
<p>Ethereum’s stablecoin market cap has increased by over $9 billion in the last week, while the total value locked (TVL) on its network has jumped from $45 billion to $61 billion. </p>   
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<p>A major factor behind this growth is rising demand from institutional investors, especially the U.S. spot Ether ETFs. BlackRock’s ETHA, for instance, attracted over $500 million in inflows in just four days.</p>   [post_titles_links postid="378558"]   
<h2 class="wp-block-heading" id="h-midterm-targets-look-bullish">Midterm Targets Look Bullish </h2>   
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<p>As Ethereum’s core developers meet with the community in Bangkok for the 2024 Devcon, the fear of further market declines has largely faded. Ethereum’s fear and greed index has surged to 81%, signaling extreme greed and optimism among investors.</p>   
<p>From a technical analysis standpoint, <a href="https://coinpedia.org/price-prediction/market-price-prediction-ethereum-2019/" target="_blank" rel="noreferrer noopener">Ethereum's price</a> has successfully regained the 200 weekly <a href="https://coinpedia.org/traders/what-is-moving-average-indicator" target="_blank" rel="noreferrer noopener">Moving Average</a> (MA) as a support level. If the bullish sentiment persists in the coming weeks, Ethereum price is well primed for $6k before the end of this year.</p>   
<p><strong>With its market momentum firmly in place, Ethereum is once again proving why it's the altcoin everyone keeps an eye on.</strong></p>

Ethereum ETF Inflows Fuel 41% ETH Price Surge As Market Demand Grows

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