[Analysis] "Ethereum, Trading Volume Surge…Potential for All-Time High"

Suehyeon Lee

Summary

The trading volume surge of Ethereum (ETH) is expected to lead to significant price changes.
If the capital inflow increase into Ethereum spot ETFs continues, there is potential for an all-time high similar to Bitcoin.
The upward wedge pattern is nearly complete, predicting a significant price change.

The trading volume of Ethereum (ETH) has surged, suggesting the possibility of reaching an all-time high.

On the 2nd (local time), CryptoQuant author Yonsei_dent stated, "The inflow of institutional capital into Ethereum spot ETFs has significantly increased. The trading volume of Ethereum spot ETFs increased by approximately 300% in November compared to September and October," and predicted, "If the institutional capital inflow into Ethereum ETFs continues, we might expect an all-time high similar to Bitcoin."

The author further added, "The upward movement during November formed an uprising wedge pattern. As the pattern is almost complete, a significant price change might occur soon."

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