Ethereum prices have surged a whopping 38% over the past seven days, outpacing Bitcoin\u2019s gains, which were around 30% over the same period.<\/p>\n
Moreover, Ethereum\u2019s market capitalization has increased by more than $100 billion in less than a week. To put this into perspective, this is more than Solana\u2019s entire market capitalization.\u00a0This has pushed the ETH market cap over $400 billion for the first time since July.<\/p>\n
The move wasn\u2019t lost on crypto social media, with observers exclaiming, \u201cAnd there are still people who think Solana will replace Ethereum. Hilarious.\u201d<\/p>\n
Ethereum added as much to its market cap in 5 days as Solana\u2019s entire $100B market cap.<\/p>\n
And there are still people who think Solana will replace Ethereum.<\/p>\n
Hilarious. pic.twitter.com\/1xyB9KKq9B<\/a><\/p>\n \u2014 Poseidon (@CryptoPoseidonn) November 10, 2024<\/a><\/p>\n\n Additionally, ETH hit an almost four-month high of $3,384 during early Asian trading on Tuesday, Nov. 12. It is now targeting resistance at $3,500, a level last seen in late July.<\/p>\n However, analysts have noted that where Bitcoin has broken out, Ethereum is still trading within a broadening wedge pattern with a breakout imminent.<\/p>\n $ETH<\/a> is Still Moving inside the Broadening Wedge Pattern..!!<\/p>\n imo, Party Will Start once the wedge Breaks out..<\/p>\n Midterm target : 5450$#Crypto<\/a> #Ethereum<\/a> #ETH<\/a> pic.twitter.com\/qkcKhqEYKl<\/a><\/p>\n \u2014 Captain Faibik (@CryptoFaibik) November 12, 2024<\/a><\/p>\n\n \u201cThere will soon be an ETH god candle that will catch literally everyone off-guard and send ETH straight to Valhalla,\u201d commented<\/a> ecosystem educator Anthony Sassano on Nov. 12.\u00a0Earlier this week, he commented<\/a> on the dissipation of Ethereum FUD as prices finally moved.<\/p>\n \u201cEvery single piece of ETH FUD has completely disappeared, and now it\u2019s popular to be bullish on ETH again. Narrative follows price \u2013 never forget this.\u201d<\/p>\n Other altcoins outperforming at the moment include Dogecoin<\/a> (DOGE), which has surged a whopping 33% over the past 24 hours as it surged<\/a> past $0.40.<\/p>\n Avalanche (AVAX), Aptos (APT), and Cronos (CRO) are also making double-digit gains today.<\/p>\n Ethereum momentum is also being reflected in institutional circles, as spot ETH ETFs in the US saw a record day of inflows.<\/p>\n Monday, Nov. 11, saw a record $295 million in inflows for the nine recently launched spot Ethereum ETFs. BlackRock\u2019s ETHA fund had $100.5 million, but Fidelity\u2019s FETH fund led the pack with $115.5 million in inflows, its highest-ever daily flow since it went live in July.<\/p>\n Grayscale\u2019s Ethereum Mini Trust (ETH) saw an inflow of $63.3 million, while the Bitwise ETHW fund had $15.6 million. Over the past four consecutive trading days, more than $500 million has flowed into Ethereum ETFs, depleting the total aggregate outflow to just\u2014$130\u00a0million.<\/p>\n Record-breaking day for crypto ETFs!<\/p>\n The US Ethereum ETFs recorded their largest net inflow ever at $295.1M, led by #Fidelity<\/a> (FETH) with $115.5M\u2014its biggest inflow since launch.<\/p>\n Meanwhile, the US Bitcoin ETFs weren\u2019t left behind, seeing a massive $1.094B inflow, the\u2026 pic.twitter.com\/YJ0iI7UgUy<\/a><\/p>\n \u2014 Spot On Chain (@spotonchain) November 12, 2024<\/a><\/p>\n\n The post What The FUD? Ethereum Adds Solana\u2019s Entire Market Cap in 1 Week, ETFs See Record Inflow<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" Ethereum prices have surged a whopping 38% over the past seven days, outpacing Bitcoin\u2019s gains, which were around 30% over the same period. Moreover, Ethereum\u2019s market capitalization has increased by more than $100 billion in less than a week. To put this into perspective, this is more than Solana\u2019s entire market capitalization.\u00a0This has pushed the […]<\/p>\n","protected":false},"author":0,"featured_media":19763,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-19762","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/19762"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=19762"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/19762\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/19763"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=19762"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=19762"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=19762"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}ETH FUD Extinguished<\/h2>\n
Ethereum ETFs See Record Inflow<\/h2>\n