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 **Whale Accumulation** – $978 million ETH has been withdrawn from exchanges, reducing the available supply.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 **Whale Accumulation** – $978 million ETH has been withdrawn from exchanges, reducing the available supply.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