Global #Ethereum

In a promising development for the cryptocurrency market, global investment products have witnessed a substantial increase in net inflows, reaching $1.2 billion over the past week.

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.

In a notable transaction, a wallet linked to Ethereum co-founder Vitalik Buterin, identified as “0x556,” recently made a final deposit of 649 ETH, valued at approximately $1.72 million, to Paxos.

Ethereum (ETH), the second-largest cryptocurrency by market capitalization, has experienced a slight price correction after a recent rally. This decline has raised questions about the sustainability of the ongoing bullish momentum.

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.

The market sentiment surrounding Ethereum (ETH) has taken a bearish turn, primarily driven by recent price volatility and a notable decline in network activity.