Crypto
Ethereum Price Soars on $184M Daily Net Inflows, Eyes $3K Target
Ethereum's price has received a boost after ETFs recorded $184.32 million in daily net inflows.
This influx of funds comes as BitMine purchased another 20,000 ETH from the Kraken exchange for approximately $48.89 million, further supporting the broader Ethereum outlook.
The current price of Ethereum is around $2,491.18 after a 1.5% increase over the past 24 hours.
A weekly close above $2,550 could potentially open the door to a move towards $3,000, according to analyst Ted.