Ethereum Rockets: Surpassing $4,400 with More Gains Ahead
Main Idea
Ethereum's price has surged past $4,400, driven by BitMine's potential $24.5 billion ETH acquisition and increased demand for ETH via ETF channels, with expectations of further gains.
Key Points
1. Ethereum's price exceeded $4,400, potentially heading towards $4,800 or even $5,000, driven by significant market developments.
2. BitMine's potential $24.5 billion ETH acquisition could push the total assets of ETH treasury companies over $40 billion.
3. Increased demand for ETH via ETF channels is contributing to the price surge, with ETF inflows exceeding $1 billion for the first time.
4. Ethereum-related altcoins like PEPE and LDO might experience sudden price spikes due to the current market hype.
5. The ETHBTC pair recently breached the $0.037 resistance level, indicating strong momentum for Ethereum.
Description
Ethereum surpasses $4,400 due to inflation report and BitMine's purchase plan. BitMine's acquisition might elevate its assets to $30 billion quickly. Continue Reading: Ethereum Rockets: Surpassing $4,400 with More Gains Ahead The post Ethereum Rockets: Surpassing $4,400 with More Gains Ahead appeared first on COINTURK NEWS .
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