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Let's see if you understand me! That the price of Ethereum (ETH) is approaching $5,000 🔥 is no coincidence; there is a brutal force of cash behind it that is pushing unchecked!
Attention, my people! If you're wondering why Ethereum is on everyone's lips, it's not by magic. In recent weeks, there has been a spike that has it just a hair away from breaking its historical record. And the big, big culprit of this party is the famous Ethereum ETFs.
Since the U.S. Securities and Exchange Commission (the SEC) gave them the green light in July 2024, these investment funds have attracted a frenzy of 11,000 million dollars. Yes, you read that right! Billions. And where does most of that cash come from? From institutions and the big players on Wall Street, who now see Ethereum as a safe and juicy investment.