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Recently, a noteworthy trend has emerged in the crypto market: Ethereum seems to be attracting a significant amount of investor attention. According to the latest data, the net inflow of the U.S. Ethereum Spot ETF reached $296.5 million yesterday, surpassing Bitcoin for two consecutive days, which has drawn widespread attention from the market.
The change in the flow of funds is having a positive impact on the Ethereum ecosystem. We have observed that the entire Ethereum ecosystem is generally on an upward trend, with RAY increasing by 20% within 24 hours, which is related to the public testing of AI games on the Solana chain. More importantly, the DeFi (Decentralized Finance) sector is also showing signs of recovery, which may indicate that the blockchain financial services sector is about to welcome a new bull market.
At the same time, institutional investors are also starting to heavily invest in Ethereum. According to reports, GameSquare has increased its holdings by 8,351 ETH, indicating that Wall Street may be intensifying its investment in Ethereum. This influx of institutional funds will undoubtedly provide strong support for the price of ETH.
Considering the current market trends, some analysts believe that the price of Ethereum is expected to break through the $5000 mark. Therefore, for investors who have already laid out their positions in the DeFi sector, now may be a good time to review and adjust their portfolios.
However, it is worth noting that the continuous net inflow of Bitcoin for 12 days has been broken. Whether this change means that market funds are shifting from Bitcoin to Ethereum remains to be further observed.
Overall, the current prosperous development of the Ethereum ecosystem and the continuous inflow of institutional funds are injecting new vitality into the crypto market. However, investors still need to be cautious, closely follow market trends, and allocate investment risks wisely.