$ETH price increased by 1.25% in the last 24 hours, indicating upward momentum.
1. Price Rally: ETH price has seen a 1.25% increase in the last 24 hours, with strong buying interest evidenced by the RSI moving into overbought territory at 75.96 and MACD turning positive.
2. Institutional Outflows: Despite recent price gains, Ethereum ETFs experienced significant net outflows of $41.28 million on April 30, signaling waning institutional interest.
3. Security Concerns: Reports of dormant Ethereum wallets being drained highlight ongoing security risks within the network.