Ether Cryptocurrency Nears Record High Amid WSB Trading Buzz
Analysts say the trading movement started by WallStreetBets may boost adoption of ether and other cryptocurrencies.
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Ether's derivative market looks overheating amid the cryptocurrency's rally to new record highs.
The cryptocurrency has gained 30% so far this week.
This week saw record trading in US spot Bitcoin and Ether ETFs, driven largely by a sudden rush into Ether funds. Related Reading: Chainlink Breaks 3-Month High Amid Record 2025 Enthusiasm According to ETF analyst Eric Balchunas, Ether ETFs alone posted roughly $17 billion in weekly volume, a figure that surprised many after months of quiet. The spike has pushed trading desks to rethink how fast money can flow into these funds. Ether ETFs Record Big Volume Reports have disclosed that spot Ether ETFs not only logged about $17 billion in weekly trading volume, but also saw a record....
The price of ether, the native digital asset on the Ethereum blockchain, neared $20 for the first time ever on 14th June, approaching the milestone as it appeared to break out of its old trading patterns. In recent weeks, market observers asserted that ether had been displaying a negative correlation, with the older, more established digital currency bitcoin. However, the two currencies failed to exhibit this relationship during today’s session, as ether saw price growth that happened in spite of declines in the price of bitcoin. Ether’s price fluctuations also notably took place amid....
Another day, another all-time high in bitcoin as the cryptocurrency changed hands as high as $28,871.78.