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Johnson
@moonfun
🔗 " #ETH trading volume surges, likely to hit a new high" In the November period after the U.S. presidential election, Ethereum has gained over 140%; however, it has yet to top its March 2024 peak. The positive news is that the inflow of institutional capital into Ethereum ETFs has increased significantly. The volume of Ethereum ETFs has increased by about +300% compared to September-October. In addition, the November moves on the chart formed an upward wedge pattern. With the pattern almost complete, there could be significant price fluctuations in the near future. If Ethereum is backed by institutional capital inflows into ETFs, you can expect a rise above the peak like Bitcoin.
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