Ethereum
Why Ethereum is up 1.8% today
Analysis
Ethereum (ETH) rose about 1.8% over the past 24 hours as on-chain and “whale/smart money” narratives pointed to renewed accumulation near the $2K area, supporting a modest bounce (AMBCrypto). Additional attention came from activity on Ethereum’s network after Ripple’s RLUSD reportedly minted 20 million new tokens on Ethereum, reinforcing near-term ecosystem usage headlines (U.Today).
Contributing Factors (3)
Ethereum at $2K: Breakout brewing or classic ETH bull trap?
Ethereum faces weak profit metrics as heavy whale long builds at $2k.
Ripple's RLUSD Adds 20 Million New Tokens on Ethereum Network
RLUSD is on track to hit two billion circulating supply amid sustained Ripple minting.
Ethereum – Smart money ‘buys the dip’ as altcoins enter structural downtrend
Persistent whale buying and shrinking liquid supply will determine whether ETH forms durable floor or not.
Move Details
Explanation Confidence
High confidence in the explanation based on source reliability and timing.