Ethereum has been slow to keep up with this cycle’s bull trend, but it’s been slowly catching up lately. ETH is up 8% over the past fortnight, outpacing the grandfather of all blockchains, Bitcoin, which grew in value by 5% over the same time period.
This type of price action comes amid an uptick in interest from institutional traders in Ethereum ETFs. Large entities added $57 million in ETH to their coffers after two weeks of outflows, wrote CoinShares’s head of research James Butterfill.
ETH is down 1% to $2,673 today. Traders and Ethereum bulls continue to hope the asset will reach its previous all-time high of $4,850 and leave its sluggish growth behind.
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