2,589 ETH Staked in 24 Hours, Will Ethereum Price Remain Above $4,000?
The post 2,589 ETH Staked in 24 Hours, Will Ethereum Price Remain Above $4,000? appeared on BitcoinEthereumNews.com.
Key Notes Ethereum price rebounded above $4,000 after touching a 50-day low at $3,927. Beaconchain data shows 2,589 ETH staked in 24 hours, absorbing $11 million from market supply. T Rex’s $32 million BitMine ETF inflows reflect strong institutional demand for ETH despite weak sentiment. Ethereum price rebounded above $4,000 on Saturday, Sept 25, after briefly plunging below the critical level on Friday for the first time in 50 days. Despite thin weekend liquidity, Ethereum has managed a 2.2% intraday price rally, supported by visible on-chain flows. Coinmarketcap data shows ETH rebounded from intraday lows of $3,927 to reach $4,021 by Saturday evening, amid 49% decline in trading volumes to $29 billion. On-chain metrics show an increased activity on Ethereum staking contracts as market volatility intensified on Friday. Ethereum staking deposits increased by 2,589 ETH (~$11 million) on Saturday, Sept 27 | Source: Beacoincha.in Official data from Beaconcha.in indicates that Ethereum staking deposits increased by 2,589 ETH over the last 24 hours, reaching 35,712,343 ETH at the time of this report. Valued at current prices, the latest staking contracts have absorbed nearly $11 million from the Ethereum market supply, nullifying the impact of the rapid liquidations, which saw the BTC price remain in the red, pinned below $110,000 at the time of publication. T Rex’s $32 Million BitMine ETF Reaffirms Corporate Demand for ETH Ethereum saw another wave of whale inflows as T Rex launched its 2x BitMine ETF (BMNU), which secured $32 million in inflows on its first trading day. The derivative provides 2x leveraged exposure to BitMine’s (BMNR) stock price, offering corporate investors secondary exposure to the second-largest cryptocurrency by market capitalization.. Bloomberg’s Chief ETF Analyst, Eric Balchunas, highlighted that BMNU’s $32 million in inflows ranked as the third-largest first-day takings among all US-listed ETFs approved in 2025. …
Filed under: News - @ September 27, 2025 4:24 pm