Ethereum Price Prediction: ETH Climbs 2% As The Grayscale ETHE ETF Bleeds $1.1 Billion And This PEPE 2.0 ICO Races Towards $6 Million
The Ethereum price climbed 2% in the last 24 hours to trade at $3,249 as of 00:54 a.m. EST on trading volume that rose 5% to $21.7 billion. The ETH price pump came after Ethereum ETFs recorded outflows of $151 million on their third day of trading on July 25 and as the Grayscale ETHE ETF racked up outflows of more than $1.1 billion in three days. Another key development in the ETH ecosystem came when a wallet associated with the Ethereum Foundation transferred roughly $290 million in Ether after seven years of no movement, according to blockchain analytics platform Lookonchain. An #EthereumFoundation-related wallet transferred 92,500 $ETH($294.9M) to a new wallet 9 hours ago after being dormant for 6.6 years. Through on-chain tracking, it was found that these $ETH were received from the #EthereumFoundation on Sept 1, 2015.https://t.co/FKGsNCrBAT pic.twitter.com/vPOAMq4ccK — Lookonchain (@lookonchain) July 26, 2024 The Ethereum prices has meanwhile invalidated the roundin...