Spot

Daily

Time

<p>Ethereum (ETH) price has surged past the $3,700 mark, marking a significant milestone in its price recovery and market momentum. The rally follows a noticeable uptick in spot ETH ETF inflows, signaling growing interest and confidence among retail and institutional investors.</p> 
<p>According to <a href="https://sosovalue.com/assets/etf/us-eth-spot" target="_blank" rel="noreferrer noopener nofollow">data</a> from Sosovalue, the spot ETH ETF witnessed a substantial increase in net inflows with the amount reaching $332.92 million, highest since the ETF launch. This surge coincides with heightened trading activity and potential accumulation by investors betting on Ethereum’s bullish trajectory.</p> 
<p>Additionally, this amount has also surpassed daily net inflows in spot BTC ETFs which sits at $320 million on the same day.</p> 
<h2 class="wp-block-heading" id="technical-breakout-signals-further-gains">Technical Breakout Signals Further Gains</h2> 
<p>From a technical analysis perspective, ETH’s breach of $3,700 represents overcoming a critical resistance level. If the price consolidates above this level, experts predict a potential rally toward $4,000 and beyond in the short term.</p> 
<div class="wp-block-image"> 
 <figure class="aligncenter">
  <img decoding="async" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXdfM_a_rOU9pyx9pEL5bILuD6JyhWKvHrSSsF3o4WzAq7GpdHOtHZ7Y8YaV_chKKLhX5yTs-R6P-jFfz5hrKwflZl3gzSZRAsgPc1Pr7t5b5S82n2IiMEJCd2BWgPtKd83u0SSI3A?key=_omC5_zEYagWiLHRu08r8uKo" alt="AD 4nXdfM a rOU9pyx9pEL5bILuD6JyhWKvHrSSsF3o4WzAq7GpdHOtHZ7Y8YaV chKKLhX5yTs R6P jFfz5hrKwflZl3gzSZRAsgPc1Pr7t5b5S82n2IiMEJCd2BWgPtKd83u0SSI3A?key= omC5 zEYagWiLHRu08r8uKo">
  <figcaption class="wp-element-caption">
   <em>ETHUSD – TradingView</em>
  </figcaption>
 </figure>
</div> 
<p>Almost all indicators now suggest that a potential breakout above $4,000 is imminent as ETH continues with its bullish recovery phase.&nbsp;</p> 
<p>The broader crypto market sentiment has also played an important role in Ethereum’s recent price rally. Bitcoin’s steady performance and increasing adoption of Ethereum-based applications have positively influenced investor sentiment.&nbsp;</p> 
<p>While the bullish trend is encouraging, market observers caution against potential volatility. Macro-economic factors, including regulatory developments and global economic trends could significantly impact Ethereum’s price trajectory.</p> 
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow"> 
 <p>Read: <a href="https://www.cryptotimes.io/2024/11/30/spot-eth-etfs-beat-btc-etfs-in-daily-net-flow-for-first-time/" target="_blank" data-type="link" data-id="https://www.cryptotimes.io/2024/11/30/spot-eth-etfs-beat-btc-etfs-in-daily-net-flow-for-first-time/" rel="noreferrer noopener">Spot ETH ETFs Surpass BTC ETFs in Daily Net Flow for First Time</a></p> 
</blockquote>

ETH Breaks Above $3,700 Following Substantial spot ETF Inflows

Table of Contents

The Crypto Times

Other articles published on Nov 30, 2024

Dogen’s 13,000% Presale Growth Draws Moonshot Investors From Dogecoin and PEPE

Solana Whales Watching: This New Token Sees Massive Accumulation by Top Traders

Brazil’s Central Bank Considers Ban on Stablecoin Withdrawals to Self-Custody Wallets

Hyperliquid, the Rising DeFi with $HYPE Token Soaring 260%

Cardano Sees Value Surge from Whale Activity

Projects Like XRP and Hedera Will Soon Be Bigger Than Bitcoin. Here’s why

Join our free newsletter for daily crypto updates!