Crypto Markets Surge on Steady ETF Inflows and Improving Sentiment

Crypto markets are experiencing a surge in prices for Bitcoin, Ethereum, and XRP. The key reason behind this trend is steady ETF inflows, which indicate that real money is entering the market rather than just hype.

The Crypto Fear & Greed Index has risen to 71, placing it firmly in 'Greed' territory, which suggests improving sentiment across the board. This shift aligns with the recent increase in spot ETF inflows, with Bitcoin spot ETFs pulling in an average of $232 million on Wednesday alone.

Bitcoin is trading above its key Exponential Moving Averages (EMAs), maintaining a bullish near-term bias. The CryptoQuant Bull Score has jumped from 30 to 80 in just one week, indicating a strong rally. However, the Relative Strength Index (RSI) is sitting at 81, signaling overstretched conditions.

Ethereum and XRP are also experiencing gains, with Ethereum trading above its key EMAs and XRP holding near its $1.40 support zone. The RSI for both assets is pushing into overbought territory, suggesting that a short pullback may be imminent.