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Ethereum Price Hits $4,000 for First Time Since March as ETF Demand Surges Decrypt 06 Dec 2024

Ethereum Price Hits $4,000 for First Time Since March as ETF Demand Surges 📈

Ethereum

Ethereum, the second-largest crypto asset by market value, surged to over $4,000 on Thursday. This price hike marks its first break above the $4,000 threshold since March.

The recent increase in Ethereum's price is attributed to substantial inflows into Ethereum ETF products. These investment vehicles have gained popularity, contributing to the heightened demand and subsequent rise in Ethereum's market price.

Source: decrypt.co ↗

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