With the altitude of 12 days of recovery of the asset, the price of the asset has been recovered in a large number of institutional accumulations.
ether quantity (eth) The beacon chain hit a record high of 34.65 million ETH on Sunday, eclipsing on November 10, 2024.
The fixed amount of ether is relatively stable, with 33 million more than the past year. However, it started to itch again in June according to Go to the network explorer Beatoncha.in.
Higher discharge levels indicate that more holders are not prepared to sell at the current level, but rather gain from accumulation.
Almost 30% supply
Dune Analysis Dashboard Confirmed Record numbers reported that as of Monday, 34.8 million ETHs were fixed to ultrasonic waves. Report 34.7 million fixed.
The analysis platform also reports that the amount currently deposited is equivalent to 28.7% of the current revolving supply of Ether money, or 120.8 million, returning inflation as February issuance returns.
Will ETF appear soon?
This milestone also met the industry’s expected SEC approval.
Related: SEC Crypto Staking Guides “Toward Us”: Crypto Council
Analysts have suggestion The blocky Ether ETF can debut in the next few weeks after the recent filings filed by ETF provider REX Stock uses a “regulatory solution”.
Meanwhile, Blackrock’s industry-leading iShares Ethereum Trust (ETHA) has been accumulating assets for 23 consecutive trading days without outflow dates. according to To Farside Investors.
ETH price is 2 weeks high
Despite underperforming the asset’s price, the number of Ethereum storage has soared 77% over the past two years, growing by about 50% over the same period, but far below the new all-time high.
However, the price of ETH rose more than 8% on the day, recouping $2,700 on Tuesday, the highest price since May 29, almost two weeks ago.
The price range at $2,700 has been used as a resistor four times in the past month, so this momentum needs to be broken before it can continue.
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