đ Market Flash: Ethereum Reclaims $3,000 as Crypto Momentum Builds
ETHUSDT
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1,817.93
-5.07%
Ethereum has surged back above the $3,000 mark, boosted by growing optimism ahead of the upcoming Fusaka upgrade. The rally aligns with strong performances from major altcoins like $SOL and $BNB , helping push total crypto market capitalization to around $3.2 trillion.
According to Timothy Misir, Head of Research at BRN, this upward move was amplified by the liquidation of substantial BTC short positions above $93,000âa cascade that triggered forced buying across the market. On top of that, U.S. Bitcoin spot ETFs continue to show strength, booking $58.5M in net inflows, marking five straight days of positive entries.
Stay tunedâthis week may bring even more volatility.