Ethereum Hits $2,700 as ETF Money Returns

Ethereum has reached new heights after increasing by roughly 3.3% over the past 24 hours to around $2,664.

The price briefly tested the $2,700 level before pulling back towards $2,650.

This move is attributed to the return of ETF inflows and increased short liquidations, which have forced traders betting on lower prices to close their positions.

CoinGecko data shows ETH has traded between approximately $2,569 and $2,701 over the past day, with the token gaining around 6% over seven days.