Ethereum King Returns: Surges 8% in a Day, Outselling Bitcoin. Can the Staking ETF Trigger a New Bull Market?Ethereum has recently led the rally in the cryptocurrency market, with prices soaring over 8% within 24 hours, reaching a high of around $3400, outperforming Bitcoin's 4.5% increase. The surge is driven by multiple positive factors: BlackRock officially filed for an Ethereum staking trust, introducing a new narrative of "yield-generating ETFs" for ETH; after the Fusaka upgrade, network fees have decreased significantly, enhancing ecosystem appeal; on-chain data shows that whales have accumulated approximately $3.15 billion worth of ETH over the past three weeks. Technical analysis indicates that ETH price has successfully regained the key 50-week moving average, with similar historical patterns previously signaling gains of over 100%, and market sentiment has turned notably optimistic.
MarketWhisper·12-11 06:32