298,000 Ethereum (ETH) in 24 hours, what is happening?

298,000 Ethereum (ETH) in 24 hours, what is happening?

There is growing demand for Ethereum (ETH) on centralized trading platforms as the approval of the spot ETF is driving bullish sentiment. According According to CryptoQuant head of research Julio Moreno, demand for Ethereum has skyrocketed significantly.

There is growing demand for Ethereum (ETH) on centralized trading platforms as the approval of the spot ETF is driving bullish sentiment. According According to CryptoQuant head of research Julio Moreno, demand for Ethereum has skyrocketed significantly.

Advertisement

Ethereum purchase breaks an important record

As Moreno noted, Ethereum purchases by permanent holders marked the second-highest purchase on record on June 13, with a total of 298,000 ETH purchased.

Related

Fri, 06/14/2024 – 07:16
Bitcoin: Chances of waking up to $200,000 BTC are getting higher and higher – Samson Mow

Ethereum as a digital currency is not new to intense purchasing activity in general. In addition to this recent increase in purchasing activity, Ethereum’s highest purchase date occurred on September 11, when a total of 317,000 ETH were purchased in 24 hours.

The explanation for this greater purchasing impulse is not far-fetched. Ahead of the influx of institutional capital that could show a high affinity for the Ethereum spot ETF, most retail buyers are taking positions as needed. This is an important mechanism to deal with the intense liquidity war that could be activated very soon.

The ongoing accumulation will give current holders a huge advantage should Ethereum price advance towards new highs. An intriguing trend seen in Ethereum is the price drop over the past week.

The coin is down 7.60% over the last seven-day period, and the buildup on June 13 comes at a time when the coin showed a significant discount. The accumulation has caused a slight change in trend, jumping 0.6% at the time of writing to $3,519.20.

Related

Thu, 06/13/2024 – 19:44
This Shiba Inu (SHIB) Rival Will Be Backed by Coinbase

What to keep in mind in Ethereum

In addition to the numerous updates that the Ethereum protocol welcomed last year, the most important event to watch is the approval of S-1 filings for the Ethereum spot ETF product.

While the timeline remains speculative, the start of Ethereum ETF trading will mark a new era for the coin and will likely open it up to an intense rally.

Leave a Reply

Your email address will not be published. Required fields are marked *

Best Exchanges
Buy, trade, and hold 600+ cryptocurrencies on Binance
Buy, trade, and hold 450+ cryptocurrencies on ByBit
Buy, trade, and hold 150+ cryptocurrencies on Kucoin
Buy, trade, and hold 100+ cryptocurrencies on BitFinex 
Buy, trade, and hold 150+ cryptocurrencies on CoinBase

Guru Investing is an independent source of information about investing , not controlled by any broker. All our reviews and guides are created honestly, according to the best knowledge and judgement of the members of our independent expert team; however, they are intended for informative purposes only and should not be construed as, nor relied upon as, legal advice. You should always make sure that you meet all regulatory requirements before making any financial operations . Copyright ©2024 Email for contact [email protected]
pornhd.com hindisexyporn.com kashmiri girls sex jayasex indaporn.info desi bhabi xxx xlnindia sexo-vids.com 1st time sex video たかはししょうこ動画 javfuck.mobi 真正中出し3本番 彩乃なな sex film sexy film xxxhindividoes.com xnxx indian teens
ano nga ba ang pangarap iwantmoreteleserye.com hello heart episode 3 reshma hot saree images nuporn.mobi xvidies com bihar chudai tubezaur.mobi heroine photo hot dasixx hardcoreporntrends.com ileana d'cruz hot photoshoot www.xxxsexvideo.com xbeegtube.mobi hindi movi
www sxe vidoes erohardcore.info boops sucking dehati fuck kitporn.info chuk chuk rail fuckcomix.com mojoporntube.net gujaratisexvidio probinsyano october 18 2021 full episode freeteleseryetv.net ang probinsyano july 14 2022 قصص سكس كرتون cmsextra.net سكس بنات تخينة