Ethereum Price Surges 5.52% to $2,617 With Trading Volume at $20.24 Billion
Ethereum Price Update
- Ethereum price increased by 5.52% in the last 24 hours, trading at $2,617.
- Price bounce from $2,500 support coincides with a 52% rise in daily trading volumes to $20.24 billion.
- Analyst Rekt Capital noted potential for a rally towards $4,000, contingent on breaking the $2,900 resistance.
- 17% increase in active Ethereum addresses observed last week; Layer 2 dominance rose by 18%.
Institutional Activity
- SharpLink Gaming filed with the SEC to raise up to $1 billion, primarily to acquire Ether.
- Spot Ethereum ETFs saw net inflows over 11 consecutive trading days, totaling $78.4 million recently.
- BlackRock’s iShares Ethereum Trust had the highest inflow at $48.4 million.
- Market analysts indicate capital rotation from Bitcoin to Ethereum.
Mind of Pepe Presale Launch
- The Mind of Pepe ($MIND) presale has launched, raising nearly $12.6 million.
- $MIND is marketed as an AI-driven trading assistant targeting market opportunities.
- Current presale price stands at $0.0037515.
- Launch date for full exchange listings anticipated in December 2024.