Ethereum (ETH) Faces Market Volatility Amid Regulatory Developments
Market Overview
As of February 12, 2025, Ethereum ( ETH ) is trading at $2,601.37, reflecting a 1.34% decrease from the previous close. The cryptocurrency has experienced an intraday high of $2,673.30 and a low of $2,560.92, indicating moderate market volatility .
Recent Developments
Institutional Investment : Goldman Sachs has significantly increased its holdings in Ethereum exchange-traded funds (ETFs), boosting its position by over 2,000% to $476 million in the fourth quarter of 2024. This move underscores growing institutional interest in Ethereum.
Market Sentiment :
Despite increased institutional investment, Ethereum has faced challenges, with traders placing substantial short bets. On derivatives exchange Deribit, over $130 million has been wagered on Ethereum’s price declining to $2, 000 , reflecting bearish sentiment among some investors.
Market Overview
As of February 12, 2025, Ethereum ( ETH ) is trading at $2,601.37, reflecting a 1.34% decrease from the previous close. The cryptocurrency has experienced an intraday high of $2,673.30 and a low of $2,560.92, indicating moderate market volatility .
Recent Developments
Institutional Investment : Goldman Sachs has significantly increased its holdings in Ethereum exchange-traded funds (ETFs), boosting its position by over 2,000% to $476 million in the fourth quarter of 2024. This move underscores growing institutional interest in Ethereum.
Market Sentiment :
Despite increased institutional investment, Ethereum has faced challenges, with traders placing substantial short bets. On derivatives exchange Deribit, over $130 million has been wagered on Ethereum’s price declining to $2, 000 , reflecting bearish sentiment among some investors.
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