Ethereum ETFs Report Significant Inflows Amidst Bullish Momentum

Ethereum ETFs have experienced a substantial increase in net inflows, totaling $169.41 million on March 4th. Among these funds, Grayscale Ethereum Mini ETF reported the highest inflow of $59.51 million.

Compared to other cryptocurrencies, Ethereum's price has seen a notable rise, with a 7%+ surge over the previous day's close. However, analysts have expressed caution about the trend's direction, highlighting the need for ETH to surpass its Supertrend to confirm a bullish rally.