Ethereum Surpasses $3,000 Amid Significant ETF Inflows and Market Optimism
2025-07-11 10:58:26
Main Idea
Ethereum's price surpassed $3,000 due to significant ETF inflows and market optimism, signaling renewed investor confidence and broader crypto market alignment.
Key Points
1. Ethereum's price rose over 8.8% in 24 hours, surpassing $3,000, driven by a record $383.1 million single-day inflow into U.S. Ethereum ETFs.
2. Short liquidations of $258.6 million in Ethereum positions highlighted strong bullish momentum.
3. Market sentiment shifted from bearish to optimistic, with prediction models showing a full consensus on Ethereum's rise to $3,000.
4. Bitcoin also surged, surpassing $116,000 and reaching $118,667, with over $678 million in short liquidations, contributing to a total of $1.14 billion in crypto short liquidations.
5. Altcoins like XRP, Dogecoin, and Cardano saw significant gains, contributing to a 2.4% increase in the total crypto market cap.
Description
Ethereum surged past the $3,000 mark for the first time since February, driven by record inflows into Ethereum exchange-traded funds (ETFs) and a significant liquidation of short positions. This upward
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