Ethereum has been steadily rising towards the $4,000 mark despite recent market volatility. Its price currently stands at $3,743, reflecting a 5.74% increase in the last 24 hours and a 6.73% increase in the past week. The surge in trading volume, which has surpassed $42 billion, indicates heightened investor activity in the Ethereum market. The altcoin's performance is supported by a bullish pattern, with the 50-day EMA crossing above the 200-day EMA. The recent influx of $132.6 million into Ethereum Exchange-Traded Funds (ETFs) suggests renewed institutional investor interest in the coin. Notably, BlackRock's ETHA and Fidelity's FETH saw significant inflows, while Grayscale's ETHE experienced outflows. The impact of these inflows on Ethereum's price remains to be seen.



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