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Ethereum Breaks Out As ETF Inflows Soar

From tickmill.com

Ethereum prices are trading at their highest levels since July today on the back of news of Trump’s election success yesterday. A broad move higher across the crypto space has seen ETH futures closing their 90-day gap on the CME, moving above the range highs which have capped price action since the summer. The expectation that a Trump presidency will prove supportive for the crypto market has driven a flurry of activity with BTC and ETF inflows hitting record levels. On the back of yesterday’s results, ETH ETFs saw their highest daily inflows for six-weeks. Looking ahead, the near-term forecast for ETH looks bullish. ... (full story)

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  • Category: Technical Analysis