Ether, the second largest cryptocurrency by market value, collapsed on Monday as the prospects for a trade war led by the United States weighed risk assets. The data show that investors have probably bought the decline, slamming parts at lower prices.
According to the Intotheblock analysis company, the ether worth almost $ 1 billion left centralized scholarships on Monday, the net release in a highest day since January 2024. “This indicates that the merchants have benefited Decrease to accumulate ETH, “said intotheblock in a telegram program.
Ether’s price has crashed as low as nearly $ 2,000 on certain exchanges while market liquidity has deteriorated and the dealers have rushed to unload the contracts. While prices have returned to $ 2,800, the feeling remains lower, with ultrasound data.
ETHER ETHER see the recording volume
The funds negotiated in exchange (ETF) experienced a record volume of trading on Monday in the middle of a volatile day on the markets after President Donald Trump imposed, then paused the prices in Canada and Mexico.
Traders have moved around 1.5 billion dollars in stocks from nine ETFs, according to Bloomberg data. Half of this volume was captured by Ishares Ethereum Trust of BlackRock (ETHA).
The global flows, however, were not out of the norm. According to Farside Investors, the ETFs attracted 83.6 million dollars in net executions on Monday, the majority of this one entering the Ethereum Fidelity fund (Feth). Etha, still the largest fund in the Nine ETFs, saw no net entrance on Monday.
At the end of the American day, Eric Trump, President Donald Trump’s son encouraged his supporters on X to add more ether, saying that it is the right time to buy. The tweet added to the already crazy volatility of the day, with the price of ETH to almost $ 2,900. At the time of the press, ETH changed hands at $ 2,780, in advance by 3.5% compared to the 24 hours earlier.
