ETH (Ethereum) fell 0.67% in the last 24 hours.

Gate News Bot news, on November 13, according to CoinMarketCap, as of the time of writing, ETH (Ethereum) is currently priced at $3423.44, with a 0.67% fall in the last 24 hours, reaching a high of $3656.15 and a low of $3195.90, with a 24-hour volume of $34.565 billion. The current market capitalization is approximately $413.197 billion, a decrease of about $2.768 billion compared to yesterday.

Important news about ETH recently:

1️⃣ Large institutions continue to increase their holdings of ETH SharpLink's Q3 financial report shows that its ETH holdings have increased to 861,251 coins, with a total value of approximately $3 billion. At the same time, a wallet associated with Ethereum co-founder Taylor Gerring has newly staked 7,455 ETH. Institutions and key individuals continue to increase their holdings, reflecting confidence in the long-term value of ETH.

2️⃣ Expansion of the ETH ecosystem The DEX Aerodrome on the Base chain has announced the launch of the Aero platform, integrating exchanges on Base and Optimism, and plans to expand to the Ethereum mainnet and Circle Arc chain. This move is expected to enhance the interoperability and liquidity of the ETH ecosystem, bringing more use cases to ETH.

3️⃣ ETH continues to flow out from centralized exchanges In the past 24 hours, centralized exchanges have seen a net outflow of 184,700 ETH. A large amount of funds withdrawn from exchanges is usually regarded as a signal of increased willingness to hold for the long term, which may provide support for the ETH price.

From a technical perspective, the price of ETH is oscillating between $3400 and $3650, and may face certain pressure in the short term. However, considering the continued buying by institutional investors and the expansion of the ecosystem, the medium to long-term trend of ETH is still worth paying attention to.

This message is not intended as investment advice, and investors should be aware of market volatility risks.