Today, February 20, 2025, the price of Ethereum (ETH) is at $2,730.52 USD, up $23.69 (0.00875%) from its previous close. The intraday high was $2,768.94 USD, while the low was $2,695.95 USD.
Vitalik Buterin, co-founder of Ethereum, criticized the moral shift in the crypto community which he said is increasingly leaning towards gambling. In addition, 24% of the top 200 cryptos hit their lowest points in the past year, indicating a possible market capitulation.
On the other hand, Goldman Sachs increased its position in the Ether spot ETF by more than 2,000% to $476 million in the fourth quarter of 2024, indicating significant institutional interest in Ethereum.
Technically, Ethereum is struggling to maintain momentum, fluctuating around $3,000 after an 18% decline in the past month. The RSI indicator is at 54.8, indicating a lack of strong buying or selling pressure.
Overall, despite the challenges, institutional interest in Ethereum remains high, while the crypto community ponders its moral and ethical direction.