{"id":471663,"date":"2024-01-12T10:44:30","date_gmt":"2024-01-12T10:44:30","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=471663"},"modified":"2024-01-12T10:44:30","modified_gmt":"2024-01-12T10:44:30","slug":"ethereum-price-prediction-as-vitalik-buterin-endorses-raising-eths-block-gas-limit-this-new-presale-reveals-the-secrets-of-web3-crypto-trading","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/ethereum-price-prediction-as-vitalik-buterin-endorses-raising-eths-block-gas-limit-this-new-presale-reveals-the-secrets-of-web3-crypto-trading","title":{"rendered":"Ethereum Price Prediction: As Vitalik Buterin Endorses Raising ETH\u2019s Block Gas Limit, This New Presale Reveals The Secrets Of Web3 Crypto Trading"},"content":{"rendered":"

Ethereum price is up 0.5% in the last 24 hours to trade for $2,607 as of 1:05 a.m. EST time, with trading volume dropping 36%.<\/p>\n

It comes amid dissipating ETH euphoria after hype about Ether exchange-traded funds (ETFs)<\/a> was priced in. As it stands, the market has again shifted focus toward the Bitcoin ETF market.<\/p>\n

This is as the trading volumes recorded by the institutions hit the roof shortly after trading commenced. Over $1.2 billion in trading volume was recorded within 20 minutes, before the numbers skyrocketed to $2 billion within the hour. By the end of the day’s trading session, trading volumes were nearing $5 billion<\/p>\n

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Here's the #Bitcoin<\/a> ETF Cointucky Derby data via trading volume on day 1 (more volume will continue for a little while).<\/p>\n

Total Volume was over $4.6 Billion with $GBTC<\/a> about half of it. BlackRock & Fidelity went 1 & 2 absent GBTC. pic.twitter.com\/t70MzyQfZW<\/a><\/p>\n

— James Seyffart (@JSeyff) January 11, 2024<\/a><\/p><\/blockquote>\n