#ETHTrendWatch


Over the past 24 hours, Ethereum has increased by 5.19%, outpacing the overall crypto market growth of 3.28%. The main factors driving this growth are institutional investor accumulation, technical recovery, and positive ecosystem events.

1. **Whale Accumulation** – $978 million ETH has been withdrawn from exchanges, reducing the available supply.

2. **Technical Recovery** – the price rebounded from a key support level at $2,772.

3. **Institutional Infrastructure** – launch of insured Zircuit vaults for ETH L2 adoption.

4. **Market Sentiment Shift** – the fear and greed index rose from 21 to 27 (, still indicating “Fear”).

## Conclusion

Ethereum's growth over the past day is driven by a combination of factors: accumulation by large holders, technical buying at support levels, and the launch of institutional products. Despite ongoing market fear, events surrounding ETH are providing it with relative strength.

**Key observation:** Will ETH stay above $2,934 (, a key level), and attract investment through ETFs? It is important to watch the November 13 deadline when the SEC will decide on the ETH ETF with staking options.
ETH0.65%
View Original
post-image
post-image
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)