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Crypto

ETH Price Surges as Institutional Investors Pile into Spot ETFs

Guavy AI Editorial Team
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ETH
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Ethereum has been trading sideways for weeks, but the recent influx of assets into spot Ethereum ETFs suggests that investors are accumulating the asset.

The two consecutive months of inflows, totaling $103 million in July and $365 million in June, indicate a potential rebound in the Ethereum price.

This accumulation phase is further supported by data showing that the amount of ETH tokens on exchanges has been decreasing, from 3.2 million last year to 2.49 million currently.

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