#ETHTrendWatch


In the last 24 hours, Ethereum has increased by 5.19%, outpacing the overall crypto market growth of 3.28%.
The main factors driving the 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 **Whale accumulation** – $978 million ETH has been withdrawn from exchanges, reducing the available supply.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 rebound** – the price bounced off a key support level at $2,772.
3. **Institutional infrastructure** – the launch of insured Zircuit vaults for ETH L2 adoption.
4. **Market sentiment shift** – the fear and greed index increased from 21 to 27 (still "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 its relative strength. **Key observation:** will ETH be able to stay above $2,934 (key level) and attract investments through an ETF? It is important to watch the November 13 deadline when the SEC will decide on the ETH ETF with staking options.
ETH0.23%
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