Gate News Bot news, September 4th, according to CoinMarketCap data, as of the time of writing, ETH (Ethereum) is currently priced at 4474.41 USD, with a rise of 3.46% in the last 24 hours, reaching a high of 4629.03 USD and a low of 4221.25 USD. The 24-hour volume has reached 34.603 billion USD. The current market capitalization is approximately 540.086 billion USD, an increase of 18.052 billion USD from yesterday.
Ethereum is the leading innovative application and blockchain network platform. It provides infrastructure for decentralized applications (DApps), decentralized finance (DeFi), non-fungible tokens (NFTs), and supports the development and deployment of smart contracts. The Ethereum ecosystem has the largest and most active developer community dedicated to building a more open and permissionless internet.
Recent important news about ETH:
1️⃣ Validator staking demand has risen significantly
The staking demand for new validators activated on the Ethereum PoS network has reached its highest level since September 2023, with the current admission queue at 832,000 ETH, valued at approximately $3.577 billion. This indicates that investors' confidence in the long-term value of ETH is strengthening, which may provide support for the price.
2️⃣ Ethereum Foundation sells ETH
The Ethereum Foundation has transferred 10,000 ETH (approximately $42.7 million) to the Kraken exchange, preparing to sell for research, donations, and funding in the coming weeks. While it may cause some selling pressure in the short term, it is beneficial for the development of the ecosystem in the long run.
3️⃣ Institutions continue to increase their holdings of ETH
Multiple institutional investors have recently increased their holdings of ETH, with Yunfeng Financial announcing the purchase of 10,000 ETH at a total investment cost of 44 million USD. The continuous entry of institutional investors reflects recognition of the long-term value of ETH, which helps to boost market confidence.
From a technical perspective, the current price of ETH is oscillating in the range of 4300-4400 USD, with short-term attention on whether it can break through the resistance level of 4500 USD. On the fundamental side, the Ethereum ecosystem continues to develop, with an increase in the number of validators and institutional funds inflowing, all of which provide support for the price of ETH.
This message is not to be taken as investment advice; investors should be aware of market volatility risks.
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ETH (Ethereum) rose 3.46% in the last 24 hours.
Gate News Bot news, September 4th, according to CoinMarketCap data, as of the time of writing, ETH (Ethereum) is currently priced at 4474.41 USD, with a rise of 3.46% in the last 24 hours, reaching a high of 4629.03 USD and a low of 4221.25 USD. The 24-hour volume has reached 34.603 billion USD. The current market capitalization is approximately 540.086 billion USD, an increase of 18.052 billion USD from yesterday.
Ethereum is the leading innovative application and blockchain network platform. It provides infrastructure for decentralized applications (DApps), decentralized finance (DeFi), non-fungible tokens (NFTs), and supports the development and deployment of smart contracts. The Ethereum ecosystem has the largest and most active developer community dedicated to building a more open and permissionless internet.
Recent important news about ETH:
1️⃣ Validator staking demand has risen significantly The staking demand for new validators activated on the Ethereum PoS network has reached its highest level since September 2023, with the current admission queue at 832,000 ETH, valued at approximately $3.577 billion. This indicates that investors' confidence in the long-term value of ETH is strengthening, which may provide support for the price.
2️⃣ Ethereum Foundation sells ETH The Ethereum Foundation has transferred 10,000 ETH (approximately $42.7 million) to the Kraken exchange, preparing to sell for research, donations, and funding in the coming weeks. While it may cause some selling pressure in the short term, it is beneficial for the development of the ecosystem in the long run.
3️⃣ Institutions continue to increase their holdings of ETH Multiple institutional investors have recently increased their holdings of ETH, with Yunfeng Financial announcing the purchase of 10,000 ETH at a total investment cost of 44 million USD. The continuous entry of institutional investors reflects recognition of the long-term value of ETH, which helps to boost market confidence.
From a technical perspective, the current price of ETH is oscillating in the range of 4300-4400 USD, with short-term attention on whether it can break through the resistance level of 4500 USD. On the fundamental side, the Ethereum ecosystem continues to develop, with an increase in the number of validators and institutional funds inflowing, all of which provide support for the price of ETH.
This message is not to be taken as investment advice; investors should be aware of market volatility risks.