Ethereum Price Reclaims $2,400 While This AI Altcoin Gains 640% in 30 Days
The post Ethereum Price Reclaims $2,400 While This AI Altcoin Gains 640% in 30 Days appeared on BitcoinEthereumNews.com.
Just a couple of days ago, we witnessed a major market downturn. Fueled by the imposing tariffs, geopolitical uncertainties, and a significant cyber-attack on the Bybit exchange pushed the Ethereum price all the way to $2100. However, President Trump’s announcement of a new U.S. strategic reserve that includes major cryptos has pushed the Ethereum price back to $2400 and restored ETH ETFs inflow. But, while the market is recovering, one altcoin is up 640% in just 30 days. Read on to find out why this crypto is becoming investors’ top choice. Ethereum Price Reclaims $2400; ETH ETF Inflow Restored Ethereum’s price is currently at $2700, reflecting a 7% increase from yesterday but a 30% decrease since last month. This Ethereum price movement, as stated before, can be attributed to the general market upturn caused by President Trump’s announcement of a new U.S. strategic reserve that includes major cryptos including ETH. Furthermore, the Fear and Greed index has climbed back up to the low 40s levels that were reached the previous week. Over the past month, Ethereum’s price has seen several fluctuations, struggling to break above key resistance levels, such as the $3000 mark. In mid-2024, the U.S. SEC approved the first spot ETH ETFs. This approval allowed major financial institutions, including BlackRock, Fidelity, and Grayscale, to launch ETH ETFs, providing investors with more ways to gain exposure to Ethereum without directly holding the asset. The introduction of these ETH ETFs has opened the door for increased institutional investment in Ethereum. Despite the initial excitement, Ethereum’s price wasn’t quite affected by the launch of ETH ETFs. Investors are closely watching the upcoming new ETH ETFs and the network’s ongoing upgrades, which could provide the momentum needed for a stronger uptrend. It should be mentioned that with the recent Ethereum price uptick,…
Filed under: News - @ March 5, 2025 2:22 pm