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On Friday, Ethereum ETFs outperformed Bitcoin ETFs in net flows for the first time ever.
According to <a href="https://farside.co.uk/eth/" rel="noopener noreferrer nofollow">data</a> provided by Farside, Ethereum ETFs have shown $332 million in net inflows on Nov. 29. <img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXcMkJ6da0ssRJzeJceuEYEtMLJYHdbVTJ-0yDsGlCHciqzVUHFtr_bYhWj6ZltgavZHdkR-0gxbGHKGylV2DuTKifyzGpalgkkScQjc662-B65A3itTGN199UlUulIIpQgGub_q?key=1tNkiMIsrpG-svR2XLGkqsxi" width="585" height="610" data-caption="Source: <a href=&quot;https://farside.co.uk/eth/&quot;>Farside</a>">
Bitcoin ETFs, on the other hand, have <a href="https://farside.co.uk/btc/" rel="noopener noreferrer nofollow">shown</a> net inflows of only $320 million on the same date.
This marks a significant milestone for the Ethereum adoption by institutional investors.
The profitability ofEthereum (ETH) has surged to levels not seen since June, with 90.8% of ETH holders now in profit, according to <a href="https://x.com/intotheblock/status/1862085630760747179" rel="noopener noreferrer nofollow">data</a> fromIntoTheBlock.
The ETH price reacted with a massive surge, topping the $3,660 level. At press time, the Ethereum price is traded at $3,688, undergoing a minor correction. <img src="https://u.today/sites/default/files/inline-images/ETH_1D_graph_coinmarketcap%20%282%29.jpeg" data-entity-uuid="24e2c4fa-ea06-4db9-aeea-38f736a1e373" data-entity-type="file" alt="https://coinmarketcap.com/currencies/ethereum/" data-caption="Source: CoinMarketCap">
<h2 id="ethereum-price-prediction">Ethereum price prediction</h2>
The $3,800 resistance level is crucial for the ETH price. If breached, Ethereum could test $4,000, potentially triggering significant short liquidations that might fuel further gains.
As Ethereum approaches $4,000, rising volatility increases the likelihood of a substantial price squeeze. While this could propel ETH higher, market reactions to liquidation levels may lead to sharp swings in either direction, making caution essential. <a href="https://u.today/ethereum-etfs-break-record-with-332-million-inflows" rel="noopener noreferrer nofollow">Read original article on U.Today</a>

Ethereum ETFs Break Record With $332 Million Inflows

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