Ethereum's price remains near $2,500 despite a dramatic 90.9% drop in leveraged trading on Binance and Bybit, indicating the rally is less reliant on derivatives. Institutional demand through U.S.-based Ethereum spot ETFs, especially BlackRock's ETHA, has surged with $1.5 billion invested over 10 days, supporting price stability without adding leverage. However, large whale deposits totaling over 40,000 ETH on major exchanges pose a supply test that ETF demand must absorb to maintain the price. The balance between rising institutional ETF inflows and potential whale selling will be key to Ethereum's near-term price direction.
Most major cryptocurrencies experienced price declines, with Bitcoin at $78,568 and Ethereum at $2,466.79, both slightly down. Tokens like CRO and POL saw significant drops of over 7% and 14% respectively, indicating market volatility. Stablecoins re...
Bitmine Immersion Technologies increased its Ethereum holdings by 53,501 ETH, bringing its total to nearly 5.9 million ETH, or about 4.9% of the circulating supply. This move comes as Ethereum's price surged roughly 33% in August, reaching around $2,...
BitMine Immersion Technologies purchased 53,501 Ethereum tokens last week, increasing its total holdings to 5.9 million ETH, valued at about $14.8 billion. This represents roughly 4.9% of Ethereum's total supply. The company has staked 5.07 million E...
Bitmine Immersion Technologies increased its Ethereum reserves by 53,501 ETH last week, bringing its total to 5,901,112 ETH, valued at about $14.5 billion or 4.9% of Ethereum's circulating supply. The company stakes 86% of its holdings through the MA...
Ethereum price hovered near $2,455 at the end of August after failing to sustain a break above $2,550, keeping it range-bound between $2,390 and $2,550. Despite a strong 28% gain in August, momentum has cooled with the RSI dropping below overbought l...
