6 Million ETH Lost Forever: Will Decreasing Supply Drive Ethereum to $4K?

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Ethereum’s Supply Squeeze: Analyzing Current Trends Towards Potential Breakouts Ethereum (ETH) is currently at a critical juncture as it retests a key resistance level of $3,800. This resistance was previously effective in triggering an 8.5% drop to $3,531 just last week. As Ethereum’s trading dynamics shift, the spotlight is on…

Ethereum CME Futures Open Interest Reaches Record $7.85 Billion Due to Increased Institutional Demand

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Institutional Interest in Ethereum Skyrockets: A Comprehensive Overview Ethereum, the second-largest cryptocurrency by market capitalization, has recently seen an unprecedented surge in institutional interest. This increase is characterized by a record high in CME Futures open interest, which has reached $7.85 billion, and significant inflows to Ethereum spot ETFs, totaling…