📊Latest Ethereum (ETH) News:
As of January 23, 2025, Ethereum (ETH) is trading at $3,218.67, showing a slight decline of 1.37% over the last 24 hours.
Key Events:
- Market Dynamics:* The price of ETH has decreased by 15% from the peak of 2025 reached on January 6. Technical indicators suggest a bearish trend, with key support at $3,158.
- Institutional Investments: Spot Ethereum ETFs, such as ETHA and FETH, have acquired ETH worth approximately $500 million over two days, indicating growing interest from large investors.
- Network Update:* In March 2024, Ethereum successfully implemented the "Dencun" upgrade aimed at reducing transaction fees and improving network scalability.
These events highlight both the current challenges and prospects for Ethereum in 2025.