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CryptoQuant: Due to increased institutional demand, Ethereum may break through $5,000.
【CryptoQuant: Due to increasing institutional demand, Ethereum may break through $5,000】According to a new report from CryptoQuant, Ethereum may soon break through $5,000, as institutional demand increases. This will mark the historical highest price for the second largest Cryptocurrency by Market Cap. Not only that, on-chain activity is also very active. The company said in a report on Thursday that funds flowing into the new Ethereum ETF hit a record high. Last week, global investors injected $1.2 billion of new funds into the Ethereum fund, setting a record after the spot ETH fund started trading in the United States for several months.