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Ethereum nears $2,000 as investors shift capital from Bitcoin amid strong ETF inflows.

Market News
16 Jul 2026
AMBCrypto
View Source
Bullish
pluang ai news

Ethereum is gaining investor interest, with its price climbing 2.32% to approach $2,000 due to steady capital inflows. The ETH/BTC ratio has broken a 301-day resistance, signaling a rotation of funds from Bitcoin to Ethereum. This momentum is supported by two days of significant inflows into U.S. Ethereum ETFs totaling $112 million and a notable decrease in Ethereum exchange reserves, indicating accumulation. While this suggests potential for further gains, the broader altcoin market has yet to confirm a major rally phase.

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