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Rekt (rektarb.xyz)

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You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/demand-for-ethereum-investment-products-grows-rapidly/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Demand for Ethereum Investment Products Grows Rapidly</a> 
Ethereum (ETH) based leveraged investment products are witnessing a significant increase in demand. Traders anticipate that Ethereum could surpass the psychological resistance of $4,000 in the short term. Data shows a notable rise in interest, particularly in the VolatilityShares 2x Ethereum ETF.
<h2 style="text-align: justify" id="strong-increased-interest-in-ethereum-etfs-strong">Increased Interest in Ethereum ETFs</h2>
K33 Research‘s Research Director Vetle Lunde noted that demand for Ethereum ETFs has risen by 160% since November 5. Lunde stated, “VolatilityShares holds 50.1% of the open interest in Ethereum on the Chicago Mercantile Exchange.” This surge in demand is also supporting Ethereum’s recent price movements.
<h2 style="text-align: justify" id="strong-bitcoin-s-price-movements-favor-ethereum-strong">Bitcoin’s Price Movements Favor Ethereum</h2>
Bitget Research’s Chief Analyst Ryan Lee highlighted that the rise in Ethereum’s price is driven by spot purchases. Lee commented, “The recent increase is more accumulation-focused rather than speculative.” According to Lee, signs of recovery in the ETH/BTC trading pair indicate that Ethereum could gain further value.
Popular analyst Wolf mentioned the formation of a three-year cup and handle pattern for Ethereum. Wolf stated, “If the $4,000 resistance is broken, the target could be $15,000.” Record levels of stablecoin inflows also support this upward trend, noting a net inflow of $90 million into U.S. spot Ethereum ETFs on November 27.
Following Bitcoin’s climb to $99,800 on November 22, it has retraced to around $91,000. Analysts indicate that these price levels provide an opportunity for Ethereum to take the lead. Crypto analyst Rekt Capital commented, “Bitcoin ’s movements within this range could pave the way for Ethereum’s dominance.”
The increase in inflows to spot Ethereum ETFs and continued spot purchases are contributing to the king of <a href="https://en.coin-turk.com/toncoin-price-dynamics-and-market-movements/" data-wpel-link="internal" rel="noopener noreferrer nofollow">altcoins</a>’ upward movement. Analysts expect this trend to create positive effects across the overall market.
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Demand for Ethereum Investment Products Grows Rapidly

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