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Ethereum Demand Surges, Potential to Reach $5000
Rising Demand for Ethereum Sparks Price Speculation
CryptoQuant’s Report Indicates Growing Interest in Ethereum
Recent data suggests a surge in demand for Ethereum, hinting at a possible price breakthrough of $5000. According to CryptoQuant’s latest cryptocurrency report, investor interest in Ethereum is on the rise once again. This uptrend is evidenced by the record-breaking Ethereum Spot ETF holdings, raising expectations for a significant price rally if the current demand trend persists.
Ethereum Price Update
Current Trading Situation for Ethereum
Presently, Ethereum is valued at approximately $3900, marking a 0.8% increase from the previous day. This valuation is based on the Binance Tether (USDT) market, reflecting the ongoing market dynamics.