Ether, the second largest cryptocurrency due to market value, crashed hard on Monday when the prospects for a commercial war led by the United States weighed on risk assets. The data show that investors probably bought the fall, obtaining coins at lower prices.
According to the Intotheblock analysis firm, Ether with a value of almost $ 1 billion centralized exchanges on the left on Monday, the highest net departure of a single day since January 2024 “. This indicates that the merchants took advantage of the fall to accumulate ETH, “said Intotheblock in a telegram transmission.
Ether’s price was blocked as low as almost $ 2,000 in some exchanges as the market liquidity deteriorated and the dealers hurried to download futures. While prices have recovered to $ 2,800, the feeling remains bassist, with ultrasound data. Money, pointing to an unwinding of the deflationary effect of the fusion on ETH.
ETF Ether See the registration volume
The funds quoted in Ether exchange (ETF) experienced a volume of record negotiation on Monday in a volatile day in the markets after President Donald Trump imposed and then stopped tariffs in Canada and Mexico.
The operators moved around $ 1.5 billion in shares of the nine ETF, as shown by Bloomberg data. Half of that volume was captured by Ishares Ethereum Trust (Etha) of Blackrock.
The general flows, however, were not out of the norm. According to Farside’s investors, the ETFs attracted $ 83.6 million net tickets on Monday, with most of them in the Ethereum fund in Fidelity (Feth). Etha, which is still the largest back of the nine ETF, did not see net tickets on Monday.
At the end of the day of the United States, Eric Trump, son of President Donald Trump, encouraged his followers in X to add more ether, claiming that it is a good time to buy. The Tweet joined the already crazy volatility of the day, with the price of ETH increasing to almost $ 2,900. At the time of publication, ETH was changing from hands to $ 2,780, ahead 3.5% 24 hours before.
