A wallet connected to the Ethereum Foundation recently sold 7,294 ETH, which stirred concerns among investors, particularly amidst rising inflation data in the U.S.
Ethereum’s price is currently 4,412.54 USD, reflecting a 0.32% decline today. Institutional purchases, like SharpLink Gaming’s 130,000 ETH acquisition, showcase robust demand despite this pressure.
Experts believe the current price patterns suggest that ETH could reach 10,000 USD, similar to trends from 2017. Concerns about ETH reaching its peak are considered exaggerated.
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