Ethereum (ETH) Drops 3.3% Despite Growing Treasury Demand From Institutional Players

Ethereum (ETH) Drops 3.3% Despite Growing Treasury Demand From Institutional Players

The Ether (ETH) price came under renewed pressure on July 1, falling to $2,418.39 after a day of steady losses, according to CoinDesk Research's technical analysis model. Ether's price drop came amid a broader crypto market selloff. CoinGecko data shows total market capitalization declined 4.1% over the past 24 hours, driven largely by renewed political volatility in the U.S.The downturn follows a high-profile dispute between Elon Musk and Donal…

Ethereum Stagnates Amid Whale Accumulation and Retail Hesitation

Ethereum’s recent price action has been characterized by a notable lack of momentum, with the asset gaining a mere 0.3% over the past week and declining 0.2% in the last 24 hours. At the time of writing, Ethereum is trading at $2,436. This stagnation reflects a broader hesitation in the crypto market, despite structural support from institutional activity and whale behavior. Source

Ethereum At $2.4K Crossroads: Foundation Dumps, Whales Accumulate - What's Next? - Data Intelligence

Ethereum whales scooped up over 1.49 million ETH over the last 30 days. Binance records 100k ETH worth $250 million in inflow, signaling aggressive selling activity.  Ethereum [ETH] hovered between $2.4K and $2.5K over the past two weeks, struggling to break out after last month’s drop from $2.8K to $2.1K. This continued price stagnation sparked diverging reactions across the board, from whales accumulating to other investors aggressively closin…

Bit Digital raises $162.9M to buy more ETH for its treasury

Bit Digital has announced a $162.9 million raise to purchase ETH for its corporate treasury, adding to Ethereum’s rising demand from institutions. The announcement was made on July 1, after underwriters in Bit Digital’s recent public offering fully exercised their…