Ethereum
Why Ethereum is up 6.1% today
Analysis
Ethereum (ETH) rose 6.1% over the past 24 hours as ETF-related headlines appeared to boost sentiment around potential new demand and broader access. Decrypt reported that Trump Media filed to launch Truth Social-branded ETFs that include Ethereum, which likely supported bullish positioning despite mixed flow data.
Contributing Factors (3)
Espresso network launches ESP token with 10% airdrop amid Ethereum layer-2 debate
The network transitioned to proof-of-stake and coincides with the rollout of the ESP token, which is used for staking, securing the network and protocol participation.
$257 Million in Bitcoin and Ethereum Sold by BlackRock
BlackRock has sent another $257 million in BTC and ETH to Coinbase amid market rebound.
Trump Media Files to Launch Truth Social-Branded Bitcoin, Ethereum, Cronos ETFs
Truth Social Funds applied for ETFs that would give investors exposure to crypto—one focused on Bitcoin and Ethereum, the other on Cronos.
Move Details
Explanation Confidence
High confidence in the explanation based on source reliability and timing.