The post Ethereum (ETH) Price Analysis: Is $2,850 the Next Pitstop? appeared first on Coinpedia Fintech News
While the crypto market today has been ranging sideways, Ethereum has made decent moves both on its price chart and with news around its fundamentals. The altcoin’s on-chain health is displaying remarkable strength. Reportedly, the exchange balances have been dropping constantly and have now hit their 7-year low.
That’s not all, ETH-based ETFs have outrun the global crypto market’s ETFs with $321 million worth of inflows. In this analysis, we give you an overview of Ethereum holding $219 billion worth of capital and where the ETH price could head next in the short term.
Ethereum Secures $219 Billion?
According to Messari, Ethereum continues to dominate the blockchain landscape, securing $219 billion in total capital, the highest of any network. This capital spans stablecoins, applications, and tokenized assets, reinforcing the altcoin’s position as the fou
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