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Ethereum Surges Past Bitcoin, Fuelled by Institutional Demand

Guavy AI Editorial Team
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Ethereum's price has surged 29.3% in just seven days, outperforming Bitcoin's 21.4% gain.

This rapid increase is attributed to growing institutional interest and a significant influx of funds into Ethereum ETFs in the US, with $365 million invested in July alone.

Fundstrat's Tom Lee predicts that Ethereum could reach $10,000 within two years, citing its expanding role in tokenization, stablecoins, and AI applications.

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