Investor interest in the spot Ethereum ETFs (exchange-traded funds) appeared to have waned after failing to register a net inflow day for six consecutive days. However, the cryptocurrency products ended the week on a high with a substantial capital influx on Friday, November 22. This capital inflow represents a shift in investor sentiment, which has…
View More Spot Ethereum ETFs End 6-Day Drought With $90 Million Inflow — Will Ether Price Respond?
On Wednesday, Ethereum (ETH) surged above the $2,700 mark for the first time in over a week, sparking a bullish sentiment among several crypto analysts. Some suggested that the second-largest cryptocurrency will soon break from the next resistance level and reclaim the $3,000 mark. Ethereum Retests $2,700 Ethereum surged above a key resistance level on…
View More Analyst Says It’s ‘Time To Be Bullish On Ethereum’ As ETH Retests $2,700
According to an analysis from on-chain analytics firm CryptoQuant, the total Ethereum (ETH) amount in accumulation wallets has surged to over 19 million. Ethereum Accumulation Continues To Surge The analysis shared by verified CryptoQuant analyst, Burak Kesmeci, indicates that more than 19 million ETH is now held by the so-called “accumulation addresses.” In January 2024,…
View More Ethereum Accumulation Rises As 70% Holders Are In Profit: What It Means For ETH Price?