Ethereum
Why Ethereum is up 1.1% in the last hour
Analysis
Ethereum (ETH) rose 1.1% over the past hour as traders reacted to ETF-related headlines that kept institutional demand and product expansion in focus. Decrypt reported that Trump Media filed to launch Truth Social-branded Bitcoin, Ethereum, and Cronos ETFs, which can be interpreted as supportive for ETH exposure via new ETF offerings.
Contributing Factors (3)
$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 cryptoβone focused on Bitcoin and Ethereum, the other on Cronos.
Ethereum Hacker Moves Stolen ETH After Two Years in Dormancy
Mixin network hacker who stole $200 million in crypto in 2023 is finally selling through Tornado Cash.
Move Details
Explanation Confidence
High confidence in the explanation based on source reliability and timing.