Ethereum Surpasses $3,000 Amid Significant ETF Inflows and Market Optimism

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.