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Ethereum ETFs Inflow Streak Sets Up ETH for New Lifetime Highs, Traders Say

The rising popularity of U.S.-listed spot ether exchange-traded funds (ETFs), increased activity on the Ethereum blockchain, and growing institutional interest in trading could potentially push the price of ether to a new record high in the coming months. The ETFs attracted over $220 million in inflows in a recent period, making it the second-longest streak of inflows since their launch. This positive sentiment, along with fundamental factors and higher money flows, supports the case for ether's price to retest its all-time high of $4,868. Additionally, there has been a surge in open interest in futures contracts, increased activity in the ether options market, and elevated levels of activity on the Ethereum blockchain. Stablecoin data also indicates that Ethereum has more USDT hosted than Tron for the first time since June 2022.

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