Ethereum's price is experiencing a notable increase, driven by significant inflows into Spot Ethereum ETFs and substantial whale accumulation. Over the past week, Ethereum has outperformed Bitcoin, with a price increase of approximately 12%. Some analysts suggest that Ethereum may soon test new all-time highs.
Yesterday, Spot Ethereum ETFs recorded inflows of $63.5 million, indicating growing investor confidence. On-chain data reveals that whales have been actively accumulating Ethereum, purchasing considerable amounts in recent days. This increased activity is further supported by a rise in active wallets within the Ethereum ecosystem.
Meanwhile, Solaxy ($SOLX), positioned as a Layer-2 solution for Solana, is attracting significant interest during its presale. The presale has garnered substantial investment, reflecting strong demand for the token.