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Ethereum ETF Monthly Inflows Surge Past $1 Billion: Impact on ETH Price

Author: Content Editor
Institutional interest in Ethereum has led to monthly inflows of over $1 billion into Ethereum exchange-traded funds (ETFs) for the first time since their approval. This surge in inflows coincides with ETH's price reaching $3,700, sparking expectations of further gains. September saw outflows from Ethereum ETFs, but October and November saw a rebound with significant inflows. The influx of capital indicates a bullish outlook for Ethereum, with the potential for a price rally in the short term. Additionally, Ethereum's Historical In/Out of Money (HIOM) metric shows an increase in profitable holders, suggesting more participants may be incentivized to buy ETH or invest in the ETF, potentially driving its value higher. The weekly chart also suggests a pattern mirroring a previous peak in November 2021, indicating the potential for Ethereum to challenge its all-time high of $4,891 and potentially surge towards $6,000 in the coming months. However, this bullish outlook depends on continued institutional and retail demand, and a decrease in ETF inflows may impact this prediction.

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