ETH rose 7.39% in the last 24 hours, reaching a high of 4250.67 USD.

Gate News Bot news, on October 27th, according to CoinMarketCap data, as of the time of writing, ETH (Ethereum) is currently priced at $4236.10, with a rise of 7.39% in the last 24 hours, reaching a maximum of $4250.67 and a minimum drop to $3718.08, with a 24-hour volume of $36.596 billion. The current market capitalization is approximately $511.29 billion, an increase of $3.5192 billion compared to yesterday.

Ethereum is a leading innovative application and blockchain network platform. It provides infrastructure for decentralized applications (DApps) and smart contracts, supporting a diverse range of use cases, including stablecoins, decentralized finance (DeFi), NFTs, and more. The Ethereum ecosystem has the largest blockchain developer community, driving the Web3 revolution and the development of the digital economy.

Important news about ETH recently:

1️⃣ Institutional investors continue to increase their holdings SharpLink Gaming has added another 19,271 ETH to its strategic ETH reserves, worth approximately $80.37 million. Its total ETH holdings now amount to 859,395 ETH, valued at $3.58 billion. This indicates that large institutional investors maintain confidence in the long-term value of ETH and continue to increase their positions.

2️⃣ Whale trading is active A well-known cryptocurrency whale purchased 4,532 ETH when the price of ETH was $4,084, totaling $18.5 million. Another whale holds a long position in ETH worth $167 million, with an opening price of $3,929. These large transactions indicate strong market expectations for a rise in ETH prices.

3️⃣ Technical analysts are optimistic about future trends Famous crypto analyst @IamCryptoWolf predicts that ETH will enter the third stage of a rise, possibly showing a price pattern similar to Tesla stocks or gold. The analyst's optimistic expectations may influence more investors' decisions.

From a technical perspective, ETH has broken through the key resistance level of $4200, showing strong upward momentum. However, there are a large number of profit-taking orders in the range of $4300-$4700, which may create resistance in the short term. Investors still need to closely monitor the overall market trend and assess potential pullback risks.

This message does not constitute investment advice, and investors should be aware of market volatility risks.