Ethereum Momentum Builds as Investors Capitalize on ETF Surges and Dwindling Exchange Supplies
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Ethereum Momentum Builds as Investors Capitalize on ETF Surges and Dwindling Exchange Supplies
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ETH Surpasses $2600 Amid Strategic Accumulation
Ethereum (ETH) saw a notable rise past the $2600 mark on Monday, fueled by a shift towards accumulation within its exchange reserves. This movement coincided with an impressive $583 million inflow into the asset, highlighting renewed investor confidence in the leading altcoin.
- Strong ETF inflows driving buying interest
- Decreasing Ethereum reserves on exchanges indicating scarcity
- Potential bullish signals for ETH price trajectory