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Ethereum Price Sees Bullish Surge, ETF Inflows Target $2,900

  • Ethereum (ETH) surged by over 6% in the last 24 hours, reaching approximately $2,594.49 amid increased trading volume and market capitalization.
  • BitMine Immersion Technologies moved its treasury from Bitcoin to Ethereum, showing confidence in ETH's long-term store-of-value potential.
  • Ethereum-based exchange-traded funds (ETFs) received $40 million in new capital, indicating a shift in institutional interest towards ETH products.
  • Technical indicators suggest a potential breakout for Ethereum towards $2,900, with the price needing to hold above $2,530 as a key resistance level.

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