298,000 Ethereum (ETH) in 24 Hours, What's Happening?

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Ethereum single day buy-up hits 298,000 ETH in major demand boost

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The ongoing accumulation will grant current holders a major headstart should the price of Ethereum make a push toward new highs. One intriguing trend seen in Ethereum is the price slump over the past week. The coin is down by 7.60% over the trailing seven-day period, and the June 13 accumulation comes at a time when the coin flashed a major discount. The accumulation has sparked a mild trend reversal, jumping by 0.6% at the time of writing to $3,519.20.the Ethereum protocol has welcomed in the past year, the most important event to watch out for is the approval of S-1 registrations for the spot Ethereum ETF product.

 

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