Net inflow of 62,000 ETH, or about $231 million, to exchanges this week
The market is expected to be volatile as traders flood exchanges with $231 million (62,000 pieces) of ethereum (ETH) in anticipation of ETFs. Analysts said the influx of large amounts of ETH into exchanges could cause an increase in selling pressure, which could lead to a sharp rise in prices. Sentiment in the market is currently high, with investors optimistic about the upcoming Ether ETF, driving recent flows and market activity.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
A whale recently accumulated 7,189 XMR at an average price of $499
Trending news
MoreChevron announced that in the newly approved consortium project, the company will hold a 70% operating interest, while Greek energy company Helleniq Energy will hold the remaining 30% interest.
A spokesperson for global commodity trading giant Vitol Group has confirmed that the company is supporting a consortium to advance a plan to invest $3 billion in a new natural gas power generation project at the Durban marine terminal in South Africa.
Crypto prices
More
