10x Research: Currently, both the 7-day and 30-day moving averages of Ethereum show a bullish trend

ChainCatcher news, 10x Research analysis states that the current price of Ethereum (ETH-USDT) is above the 7-day moving average and the 30-day moving average, indicating that the ETH price is in a bullish trend.

In the past week, the ETH price has increased by approximately 3.6%, a trend that may be driven by an inflow of about $148.5 million into Ethereum ETFs, particularly as BlackRock's Ethereum ETF begins to accumulate ETH, with the ETF's assets now reaching approximately $4.6 billion. Additionally, BitMine raised $250 million to support ETH asset strategies, and SharpLink Gaming increased its holdings by 9,468 ETH.