ETH (Ethereum) increased by 7.77% in the last 24 hours.

Gate News Bot Message, November 10th, according to CoinMarketCap data, as of press time, ETH (Ethereum) is priced at $3,645.78, up 7.77% in the past 24 hours, with a high of $3,652.69 and a low of $3,063.09. The 24-hour trading volume reached $29.343 billion. The current market capitalization is approximately $440.034 billion, an increase of $31.736 billion from yesterday. ETH is currently ranked 2nd in cryptocurrency market capitalization.

Recent important news about ETH:

1️⃣ ETH Price Breaks Through $3600 Barrier Ethereum’s price surged strongly in the past 24 hours, breaking through the $3600 mark and reaching a high of $3,652.69. This increase has added over $30 billion to ETH’s market cap, indicating a recovering market confidence in Ethereum.

2️⃣ Institutional Investors Continue to Increase ETH Holdings The spot ETF market for Ethereum continues to attract capital inflows. BlackRock’s ETHA ETF saw a net inflow of $34.43 million in a single day, with a total net inflow of $13.87 billion historically. The sustained accumulation by institutional investors reflects optimism about ETH’s long-term prospects.

3️⃣ Ethereum Staking Demand Surges The validator queue for Ethereum continues to grow, with about 1.5 million ETH waiting to be staked. This trend indicates increased investor confidence in the Ethereum network’s long-term future, with funds being locked in to support network security and earn rewards.

From a technical perspective, ETH remains strong after breaking through $3600, maintaining upward momentum. However, investors should remain cautious of market volatility and closely monitor subsequent price movements.

This message is not investment advice; please be aware of market risks when investing.