Ethereum Trading Remains Flat Despite New ETF Launch

On Tuesday, Ethereum’s price showed volatility around the launch of U.S. spot ether ETFs, peaking at $3,540 per coin early in the morning before falling to $3,406 by midday. 

Despite a brief surge above $3,500 and increased early morning trading volume, ETH’s performance remained lackluster throughout the day. The price declined by 3.78% from its intraday high and saw a 1.2% decrease for the day and 0.9% over the past week. 

Although ETH has risen 12% against the U.S. dollar in the last two weeks, the ETF launch did not spark significant market enthusiasm, leading to a stagnant trading day.

Clever Robot News Desk 24^th July 2024