Ethereum ETFs saw largest weekly inflows and triggered ETH to climb to a 8-month high of $4K. What's next for ETH?
Over the same period, the highest daily inflows hit $428.5 million, led by BlackRock and Fidelity. The strong flows and demand fueled ETH value to hit $4K for the first time since March 2024.The remarkable performance was a complete turnaround from the products’ lackluster launch in July. How far can the strong inflows boostOptions traders weren’t surprised by the $4K hit last week. They had expected it, with nearly $660M in notional value betting on ETH hitting that level.
About $374 million was being placed on a $5K target. The $6K and $4.5K saw $353M and $348.5M worth of notional value on call options , respectively.
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