Ethereum’s native cryptocurrency, Ethher (Eth), is located at the gates above the $4,890 historic (ATH) that reached November 2021.
When this memo was published, ETH is negotiated for $4,715only 3.6% of records.
So, what puts the brakes on this impulse? Old owner They recognize that Ethereum’s native currency is profiting at levels not seen four years ago.
Once this sales pressure was diluted, ETH was able to overcome ATH and find the impulse they needed to enter the price exploration zone.
There are a lot of big performances, There is a strong institutional requirement for ETHas reported by Cryptootics. This has proven that there is currently more than 3.5 million ethers in the hands of businesses, foundations, DAO protocols or government agencies.
Institutional investments are also reflected in the yields held by funds cited in the U.S. ETH stock market (ETF), which has already won over 110 million people since departing to the market in July 2024.
The performance of these financial instruments directly affects the price of the ETH, as managers need to maintain their underlying assets. If demand is high, they buy more ETH, and if not, they sell surplus.
