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CoinOtag 2024-06-11 18:07:15

Ethereum Price Set for Breakout as Institutional Accumulation Hits Record High After Spot ETF Approval

Institutional investors are significantly increasing their holdings of Ethereum following the SEC’s recent approval of Spot Ethereum ETFs. Prominent crypto analyst Ali Martinez has observed a surge in the number of Ethereum addresses with substantial holdings, signaling increased buying interest. Martinez’s analysis indicates this buying pressure could drive Ethereum’s price past the crucial $4,000 mark.

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