Ethereum prices have surged a whopping 38% over the past seven days, outpacing Bitcoin’s gains, which were around 30% over the same period.
The move wasn’t lost on crypto social media, with observers exclaiming, “And there are still people who think Solana will replace Ethereum. Hilarious.”Additionally, ETH hit an almost four-month high of $3,384 during early Asian trading on Tuesday, Nov. 12. It is now targeting resistance at $3,500, a level last seen in late July.
Monday, Nov. 11, saw a record $295 million in inflows for the nine recently launched spot Ethereum ETFs. BlackRock’s ETHA fund had $100.5 million, but Fidelity’s FETH fund led the pack with $115.5 million in inflows, its highest-ever daily flow since it went live in July.
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