Ethereum Hits 3865 as Institutional Investments Surge

In the past day, Ethereum experienced a growth of more than 2%, reaching a price of $3,865 on June 6th. This surge in the altcoin market mirrors the overall crypto market, which also saw an increase of around 1.50% during the same timeframe. Key factors contributing to the rise in Ethereum’s value today include a decrease in Ethereum reserves across various crypto exchanges and a rise in institutional investments flowing into funds focused on Ethereum.