TL;DR
- Ether reached $1,850; with exchange supply at a 2015 low and notable whale activity, it grew 13% in a week.
- Bitcoin supply on exchanges dipped to 5.7%, the lowest since 2018, hinting at reduced selling pressure.
- Bitcoin’s surge to $35,000, potentially due to anticipated US SEC approval of a Bitcoin ETF, pushed the total crypto market cap to $1.3 trillion.
Is ETH Poised for a Further Rally?
Ethereum’s native token – Ether (ETH) – has been among the best-performing cryptocurrencies in the most recent market rally. Its price charted a two-month high of approximately $1,850 (per CoinGecko’s data), significantly changing the trends.
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