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#Is the bull still there after the huge downturn? The ETF launch is expected to boost institutional interest and investment in Ethereum, potentially driving the price higher. The recent whale activity and the upcoming ETF launch indicate a period of heightened interest and potential volatility for Ethereum.
According to the market report, Ether’s price surged by 10.11%, reaching $3,113 on July 9, up from a low of around $2,830 the previous day. This ETH/USD price increase coincided with CoinShares’ weekly report, which revealed that Ether-linked investment funds received $10.2 million in inflows during the week ending July 5.