$ETH surged to $2,317.74 over the past 24 hours, briefly breaking above $2,300, before returning to $2,289. The 24-hour low was $2,248.53, leaving gains at just 0.77%.
This rebound coincided with a broader market recovery. Binance resumed withdrawals, $BTC returned to around $78,300, and ETH also climbed from its lows.
ETH continues to face headwinds. Ethereum ETFs saw net outflows of more than $1 billion in October, and the money has not returned. The Hoodi testnet for the Glamsterdam upgrade was delayed due to security issues, and the mainnet launch date remains undetermined.
Institutional activity is providing support. JPMorgan brought JPM Coin to Ethereum to settle transactions for institutional clients. This kind of demand will not directly drive prices higher, but it will strengthen Ethereum's position as a settlement layer.
$2,300 is an important psychological threshold. To hold above it, we need to see ETFs turn to net inflows or the upgrade timeline be finalized. Neither has happened yet, so a pullback after the surge is not surprising.
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This rebound coincided with a broader market recovery. Binance resumed withdrawals, $BTC returned to around $78,300, and ETH also climbed from its lows.
ETH continues to face headwinds. Ethereum ETFs saw net outflows of more than $1 billion in October, and the money has not returned. The Hoodi testnet for the Glamsterdam upgrade was delayed due to security issues, and the mainnet launch date remains undetermined.
Institutional activity is providing support. JPMorgan brought JPM Coin to Ethereum to settle transactions for institutional clients. This kind of demand will not directly drive prices higher, but it will strengthen Ethereum's position as a settlement layer.
$2,300 is an important psychological threshold. To hold above it, we need to see ETFs turn to net inflows or the upgrade timeline be finalized. Neither has happened yet, so a pullback after the surge is not surprising.
#以太坊突破2300美元
