The Ethereum market crash of 2024 has investors on their toes, with ETH ETFs making a splash in the financial world. Despite the market turmoil, these ETFs attracted more investor dollars than ever before, with 40,700 ETH being snatched up in a frenzy.
This unexpected surge in ETF activity has led many to believe that the bull run is far from over. If traditional financial giants are diving into the dip, then there’s still plenty of room for growth in the Ethereum market.
Looking ahead, the trajectory seems clear: a base phase where investors continue to scoop up ETH at discounted prices, creating a solid price foundation. This will be followed by a climb as more investors jump on board, driving ETH’s value back up. Finally, a supply crunch is expected as demand for Ether surpasses its availability, propelling the cryptocurrency to new all-time highs.
It’s an exciting time for Ethereum enthusiasts, as the market shows resilience in the face of adversity. Buckle up, because the ride is far from over.