Ethereum’s native token, Ether (ETH), is undergoing a sharp bounce after dropping to its eight-month low on Aug. 5. Interestingly, this rebound shows similarities with the one in October 2023 that preceded a 168% price boom.

A wallet supposedly associated with Jump Trading moved 17,576 ETH to centralized exchanges, according to Spot On Chain.

Ether ETFs see $26.7 million net inflows, despite Grayscale Ethereum Trust cumulative outflows topping $2 billion.

The price of ethereum, or 1 ETH, traded at $3,153.45, as of 8 a.m. ET. The highest intraday price that ethereum reached in the past year was $4,088.00 on March 12, 2024. The return comparisons are as of 8 a.m. ET.

The launch of Ethereum (ETH) spot ETFs in the U.S. saw unexpected price declines due to factors like a 'sell-the-news' event, significant outflows from Grayscale Ethereum Trust, long position liquidations,

Ethereum ETFs in the US have turned positive in net inflows despite Grayscale Ethereum Trust facing over $2 billion in outflows, recent reports indicate. US Ether ETFs Report Positive Inflows Even though

The price of ethereum, or 1 ETH, traded at $3,322.79, as of 8 a.m. ET. The highest intraday price that ethereum reached in the past year was $4,088.00 on March 12, 2024. The return comparisons are as of 8 a.m. ET.