Key Notes

A major whale known as “1011short” has expanded his leveraged long to 120,094 ETH, worth $392 million, amid Ethereum price volatility.

BitMine Technologies purchased an additional 33,504 ETH, further reaching closer toward its goal of reaching 5% of the total ETH supply.

Institutional demand remains firm, with spot Ethereum ETFs recording more than $250 million in net inflows this week.

Ethereum ETH $3 207 24h volatility: 3.5% Market cap: $387.13 B Vol. 24h: $36.14 B price is down 3.5% on Dec. 11, slipping under $3,200, amid the broader crypto market sell-off after the Fed rate cut announcement. Market experts believe that ETH charts show the possibility of a 9-16% move ahead, along with the formation of a bullish divergence pattern. On the other

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