Could you please tell me, in the short term, will Ethereum be able to reach 4200$ and above? Or will it go into a deep correction?
We entered a year ago at 3800. What should we do?
Proekt_73
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For the first time in a year, the volumes of spot trading of ETH have surpassed BTC. This is reported by #CryptoQuant.
Last week, the volume of spot trades for #ETH reached $25.7 billion, while #BTC showed $24.4 billion. As a result, the ETH/BTC ratio in spot trading volumes exceeded the mark of 1 for the first time since June 2024.
At the same time, #Glassnode reports that last week, spot Ethereum ETFs recorded an influx of over 588,000 #ETH. This is almost 17 times the historical average and more than double the previous record.
Last week, the volume of spot trades for #ETH reached $25.7 billion, while #BTC showed $24.4 billion. As a result, the ETH/BTC ratio in spot trading volumes exceeded the mark of 1 for the first time since June 2024.
At the same time, #Glassnode reports that last week, spot Ethereum ETFs recorded an influx of over 588,000 #ETH. This is almost 17 times the historical average and more than double the previous record.
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