The post Will Ether Breakthrough $4,000? Traders Remain Cautious appeared first on Coinpedia Fintech News
Ether has been showcasing incredible performance this bull season. A streak of inflows into the US-listed spot Ether ETFs, the rising activity on the Ethereum blockchain, and the increased institutional interest could all drive Ether to beat its three-year-old price record in the coming months.
QCP Capital Highlights Ether’s Outperformance
“ETH was the main outperformer yesterday as it rallied 11.65% to a high of 3,688. This is aligned with our thesis of capital rotation from BTC to ETH, as shared on Monday,” QCP Capital shared in a note.
“ETH spot ETFs continue to record strong net inflows, totaling $90.1 million yesterday and marking a 4-day winning streak. These healthy inflows highlight the market’s growing optimism despite this week’s retracement.” it remarked in a Thursday note.
“Given that ETH has lagged behind BTC and SOL in the current rally,
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