Currently trading at 4,326 USD, Ether has seen a decline from its peak of 5,100 USD. Despite this, institutional demand continues to rise, with 2 million ETH added to reserves, reflecting over 20.2 billion USD in total holdings.
While the futures market indicates cautious sentiment, with a premium of 5%, Ethereum’s decentralized applications generated 466 million USD in fees in August, marking a 36% increase from July. This growth could signal a positive trend for Ether.
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