BEAMSTART Logo

Ethereum Weekly Volume Hits $60 Billion As ETH Aims For Yearly Highs

NewsBTC LogoNewsBTC2d ago

Ethereum Weekly Volume Hits $60 Billion As ETH Aims For Yearly Highs - NewsBTC

Quick Summary:

This surge in volume is often seen as confirmation of a breakout, aligning with expectations from investors who have anticipated a strong rally toward Ethereum’s yearly highs.  Related Reading: Avalanche Nears Breakout – Top Analyst Sets $420 Target For AVAX This Cycle With momentum building, ETH now stands at a pivotal point: if it can maintain strength above these new levels, the stage may be set for further upside as the broader crypto market rallies alongside Bitcoin.  The next few days will be crucial for Ethereum as traders watch to see if the bullish sentiment can sustain and propel ETH higher into new price territory.

Investor sentiment is increasingly optimistic, driven by a surge in Ethereum’s on-chain activity.  Key data from IntoTheBlock reveals that transaction volume on Ethereum’s mainnet has reached its highest levels since July, a bullish signal highlighting renewed interest and activity in the network.

This spike in volume is a clear indicator of renewed market interest, and it suggests that more investors are actively trading and accumulating ETH.  When transaction volumes rise alongside price increases, it often signals healthy demand and strong market confidence, supporting the likelihood of a sustained bullish trend.


More Pictures

Ethereum Weekly Volume Hits $60 Billion As ETH Aims For Yearly Highs - NewsBTC (Picture 1)Ethereum Weekly Volume Hits $60 Billion As ETH Aims For Yearly Highs - NewsBTC (Picture 2)

or

Article Details

Author / Journalist: Sebastian Villafuerte

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-11 @ 13:30:32 (2 days ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 527 words

Reading Time: 3 minutes read

Sentences: 60 lines

Sentence Length: 9 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © NewsBTC

News ID: 23518514

View Article Analysis

About NewsBTC

NewsBTC Logo

Main Topics: Crypto

Official Website: newsbtc.com

Update Frequency: 8 posts per day

Year Established: 2013

Headquarters: United Kingdom

News Last Updated: 9 hours ago

Coverage Areas: United Kingdom

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #102

Publisher Details

Frequently Asked Questions

How long will it take to read this news story?

The story "Ethereum Weekly Volume Hits $60 Billion As ETH Aims For Yearly Highs" has 527 words across 60 sentences, which will take approximately 3 - 5 minutes for the average person to read.

Which news outlet covered this story?

The story "Ethereum Weekly Volume Hits $60 Billion As ETH Aims For Yearly Highs" was covered 2 days ago by NewsBTC, a news publisher based in United Kingdom.

How trustworthy is 'NewsBTC' news outlet?

NewsBTC is a fully independent (privately-owned) news outlet established in 2013 that covers mostly crypto news.

The outlet is headquartered in United Kingdom and publishes an average of 8 news stories per day.

It's most recent story was published 9 hours ago.

What do people currently think of this news story?

The sentiment for this story is currently Negative, indicating that people regard this as "bad news".

How do I report this news for inaccuracy?

You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.
  • News ID: #23518514
  • URL: https://beamstart.com/news/ethereum-weekly-volume-hits-60-17313398407380

BEAMSTART

BEAMSTART is a global entrepreneurship community, serving as a catalyst for innovation and collaboration. With a mission to empower entrepreneurs, we offer exclusive deals with savings totaling over $1,000,000, curated news, events, and a vast investor database. Through our portal, we aim to foster a supportive ecosystem where like-minded individuals can connect and create opportunities for growth and success.

© Copyright 2024 BEAMSTART. All Rights Reserved.