American investors have been the main driving force behind the recent rise in ETH prices
Indicator data shows that in the past week, the demand for ETH on CEX exchange has surged, with prices rising by 11%. This trend suggests that expectations of a possible launch of an ETH spot exchange-traded fund (ETF) in the United States have sparked further buying demand in this region. American investors have been a major driving force behind recent price increases for ETH, and experienced traders have also increased their investments in ETH since January.
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