Global #eth

Ethereum (ETH) has seen a notable price increase of over 7% in the past week, signaling a bullish sentiment among many investors.

A recent revelation by a crypto researcher has sent shockwaves through the cryptocurrency market, as it was reported that the Chinese government has transferred 15,700 ETH associated with the infamous PlusToken Ponzi scheme from its wallets.

Ethereum (ETH) is currently navigating a challenging price environment, struggling to maintain levels above $2,700. Following a recent downturn, the cryptocurrency has experienced significant corrections, with the price dipping below crucial support levels.

Despite a recent upswing in altcoin momentum, Ethereum (ETH) is facing significant selling pressure from major institutional players. In the past 24 hours, notable transactions have raised concerns about the future of ETH, as key wallets have offloaded substantial amounts of the cryptocurrency.

Ethereum (ETH) has recently demonstrated impressive strength, surpassing key resistance levels and even outperforming Bitcoin (BTC). The price of ETH cleared significant barriers at $2,550 and $2,650, with bullish momentum propelling it to a high of $2,701.

In a significant development for the cryptocurrency market, a total of 547,600 Ethereum (ETH), valued at over $1.26 billion, has been transferred to cryptocurrency exchanges over the past three weeks, as noted by a prominent analyst on social media.