$ETH is around $2.48K right now, and after the strong rally earlier this month, the market looks like it is taking a breather. Reuters reported that ETH gained roughly 37% over a 10-day period before reaching around $2,564, so some consolidation after that move is not surprising.
What I find interesting is that ETH has been holding up even while broader markets are dealing with higher-rate expectations. There is also continued institutional interest: U.S. spot Ethereum ETFs reportedly recorded about $216 million in net inflows on Friday, while Bitcoin ETFs saw a net outflow that day. That doesn’t mean ETH has to go higher from here, but it is a data point worth watching. I’m more interested in whether $ETH can build another stable range than in predicting a specific price target. For me, patience makes more sense than chasing the next candle. Do you think ETH is preparing for another move or simply cooling down after the rally?
#SECReceivesGrayscaleLitecoinTrustETFFiling #ClarityActFacesProceduralVoteSept15 #Ethereum #ETH #BinanceSquare #Crypto #ETHUSDT #CryptoMarket #DYOR
What I find interesting is that ETH has been holding up even while broader markets are dealing with higher-rate expectations. There is also continued institutional interest: U.S. spot Ethereum ETFs reportedly recorded about $216 million in net inflows on Friday, while Bitcoin ETFs saw a net outflow that day. That doesn’t mean ETH has to go higher from here, but it is a data point worth watching. I’m more interested in whether $ETH can build another stable range than in predicting a specific price target. For me, patience makes more sense than chasing the next candle. Do you think ETH is preparing for another move or simply cooling down after the rally?
#SECReceivesGrayscaleLitecoinTrustETFFiling #ClarityActFacesProceduralVoteSept15 #Ethereum #ETH #BinanceSquare #Crypto #ETHUSDT #CryptoMarket #DYOR
