News Explorer — Ethereum Breaks $3,000 to Post Five-Month High

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Jul 11, 10:47 am

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Ethereum Breaks $3,000 to Post Five-Month High

Ethereum surged over $3,000 for the first time since February, with U.S. Ethereum ETFs marking their biggest-ever day with inflows of $383.1 million. The move marks a reversal of somewhat negative sentiment regarding Ethereum, with analysts pointing out that its price surge "highlights that this is not just a Bitcoin-led rally" after the top cryptocurrency surged to an all-time high this week.

Ethereum surged over $3,000 for the first time since February, with U.S. Ethereum ETFs marking their biggest-ever day with inflows of $383.1 million. The move marks a reversal of somewhat negative sentiment regarding Ethereum, with analysts pointing out that its price surge "highlights that this is not just a Bitcoin-led rally" after the top cryptocurrency surged to an all-time high this week.

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