Bitcoin has surged above $75,000, extending a powerful rebound that has taken the largest cryptocurrency from below $60,000 to its highest level since late May.
Onchain trackers flagged two large ether sell-offs within hours of each other on August 21, as a popular whale known as ‘7 Siblings' and a separate wallet dumped a combined $63 million in ETH and staked ETH.
Most of its $89.3 million balance sheet remained tied to digital assets, staking and DeFi positions.
The renewed institutional interest in Ethereum ETFs signals a potential shift in market sentiment, impacting ETH's liquidity and price dynamics. Ethereum spot ETFs purchase $189M in ETH, largest single-day inflow in 10 months.
The public network gives validators and infrastructure teams a place to test Glamsterdam's client, builder and gas changes before the fork reaches established testnets and mainnet.
How Ethereum ETFs's largest single day inflows in 10 months forced a price breakout.
Despite bearish sentiment, Ethereum's price surge highlights the disconnect between retail mood and institutional investment strategies. Ethereum crowd sentiment hits three-month low as price rises 17%.
Ethereum Jumps 18% As Spot Volume Surges Across Exchanges - Read the full analysis.
Fidelity says AI growth may not translate into value for public blockchains even as Grayscale sees opportunities for ETH, SOL, WLD and TAO.
The surge in HyperliquidX and Ethereum highlights a growing investor appetite for diversification and higher returns in volatile crypto markets. HyperliquidX and Ethereum surge as investors seek higher-risk assets.
Ethereum price traded near $2,300 on Thursday after a derivatives-driven breakout pushed ETH above its three-month range, though overbought signals now raise the risk of a pullback. Ethereum price action today According to data from crypto.
Ethereum broke out of a month-long range as falling Treasury yields and heavy short liquidations pushed ETH toward its highest level since May.