$ETH hold firm above $3,000, supported by strong macro correlations and rapid onchain accumulation. ""Get 30% off transaction fees at Wallet/Web3 here""
🔹 The Russell 2000 index of small cap companies reached an all time high. With Goldman Sachs forecasting a 49% growth for this index compared to 14% for the S&P 500, ETH historically high correlation suggest it could significantly outperform by 2026.
🔸 Exchange reserves have fallen to a multi month low of 16.4 million ETH. Meanwhile, spot accumulation reached $571.8 million this week, indicating a large shift toward long term holding.
🔹 After day of outflow, spot ETF reversed course with inflow reaching $42.30 million on December 11th, signaling renewed institutional confidence.
Could the Russell Effect be the catalyst ETH needs to finally break away from the market and surge?
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