🚀Ethereum 24 Hour Highlights: Volatility Upgrades, Institutions Accelerate Layout
In the past 24 hours, Ethereum (ETH) has experienced significant fluctuations again. The price quickly fell from a high of $3100 to around $2820, with a daily drop of about 7.59%; trading volume increased to $29.1 billion, reflecting a rapid shift in funds between panic and bottom fishing.
This round of adjustments is synchronized with the overall liquidity contraction in the cryptocurrency market, with Bitcoin briefly falling below $86,000 and the global market cap dipping below the $3 trillion mark.
Institutional Demand Shows Signs of Recovery
Despite short-term pressure, on-chain flows have shown steady performance:
• Last week, institutions increased their holdings by approximately $257 million in ETH
• Related ETFs recorded signs of net inflow recovery
• Long-term holder metric (NUPL) is approaching a cyclical low range, with funds focusing on potential stabilization positions
The market generally views the $2140–$2950 range as an important observation interval.
Ecological Benefits Continue to Be Released
• Members of the Ethereum Foundation revealed that the Gas Limit may significantly increase next year, which is expected to enhance network throughput
• DeFi and application layer expansions are seen as the main driving forces for the future
• An asset that has been dormant for many years has become active again, demonstrating long-term holding confidence
Technical Signals Diverging
ETH's short-term cycle remains within a descending channel, RSI is at a low level, and short-term sentiment is still cautious;
but the return of funds and expectations for scaling make challenging $3000 a market focus.
Summary
Ethereum is in a high volatility phase, with macro factors and market sentiment jointly dominating short-term changes.
Monitoring institutional movements, on-chain activity, and scaling progress is key to understanding ETH's future trend.
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