The price of Ethereum has remained steady, staying above $2,900 after rising 2% to $2,903 in the last 24 hours. The strong influx of spot ETFs for Ethereum in the U.S. and significant purchases, including those from BlackRock, have increased the momentum of the cryptocurrency.
Despite uncertainties in the market, the price of Ethereum follows the growth trend of Bitcoin in terms of increase, only by slight margins.
The cryptocurrency market as a whole also recorded a slight increase of 1.24% after fears dissipated. As Ethereum is at a significant level, its position is fragile, as the overall market adopts a defensive posture, and other major assets like BTC, SOL, XRP, and DOGE experience small spikes.
BTC
93,872.89
+2.15%
ETH
3,194.15
+5.91%
XRP
2.2077
+1.71%
