Ethereum Breaks New Record High with ETFs Driving Bull Run

Ethereum (ETH) achieved a historic milestone this week, hitting its highest weekly close since November 2021 at $4,475. This surge is attributed to significant factors including increased demand from exchange-traded funds (ETFs), record inflows of over $1.02 billion last month alone and robust activity on the Ethereum network. Key support levels for ETH are in the range of $4,000-$4,150, previously acting as resistance before becoming crucial support areas.