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- GT Airdrop Is Live! 1.92M GT Burned in Q2, Worth Over $39M
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10x Research: Currently, the 7-day and 30-day moving averages of Ethereum are showing a bullish trend.
Golden Finance reports that 10x Research has published an analysis on the X platform stating that the current price of Ethereum (ETH-USDT) is above the 7-day moving average and the 30-day moving average, which indicates that the ETH price is in a bullish trend. Over the past week, the ETH price has risen by approximately 3.6%, a trend that may be driven by an inflow of about $148.5 million into Ethereum ETFs, particularly as BlackRock's Ethereum ETF has started to increase its holdings in ETH, which currently has an asset size of approximately $4.6 billion. In addition, BitMine raised $250 million to support ETH asset strategies, and SharpLink Gaming increased its holdings by 9,468 ETH, enhancing institutional demand.