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According to BlockBeats, recent data from Farside Investors indicates that the Ethereum spot ETF in the United States experienced a net outflow of $30.3 million on November 21. This development highlights a notable shift in investor sentiment towards Ethereum-based financial products.The outflow marks a significant movement in the market, reflecting potential changes in investor strategies or reactions to broader economic conditions. The Ethereum spot ETF, which allows investors to gain exposure to Ethereum without directly purchasing the cryptocurrency, has been a popular choice for those looking to diversify their portfolios. However, the recent outflow suggests that investors may be reassessing their positions amid fluctuating market dynamics.This trend could be influenced by various factors, including regulatory developments, market volatility, or shifts in the broader cryptocurrency landscape. As the market continues to evolve, stakeholders will be closely monitoring these movements to gauge future trends and potential impacts on the Ethereum market and related financial products.

On Nov 21, 2024, 04:11 AM (UTC), according to Binance Market Data, Ethereum (ETH) crossed the 3,100 USDT benchmark and is now trading at 3,101.5 USDT, with a narrowed 0.45% increase in 24 hours.

According to U.Today, Ethereum cofounder Vitalik Buterin has shared insights into the future dynamics of Ethereum's layer 1 (L1) and layer 2 (L2) solutions. In a recent Twitter discussion, Buterin emphasized the importance of building L1s to endure challenging times, ensuring a robust and reliable foundation for the blockchain ecosystem. He suggested that while L1 should focus on security and decentralization, L2 solutions can develop more flexible and high-performing systems for favorable conditions. Buterin highlighted the risks associated with relying on overly idealized solutions, such as satellite-based communication networks, due to potential threats like censorship and intrusions. He advocated for prioritizing infrastructure that can withstand adverse situations, including censorship, distributed denial-of-service (DDoS) attacks, and outages. The discussion also touched on potential improvements like Single Slot Finality (SSF), aimed at enhancing user experience and reducing latency. However, Buterin cautioned against hastily implementing such innovations at the cost of resilience and decentralization. He stressed that a strong foundational layer provides users and developers, particularly those working on L2 applications, with the confidence to remain secure and operational even in unforeseen circumstances. This perspective underscores the need for a careful balance between security and scalability in shaping Ethereum's roadmap. As Ethereum continues to face competition from alternative blockchains prioritizing speed and efficiency, maintaining stability and trust on L1 is crucial, especially as L2 solutions like Arbitrum and Optimism expand their capabilities.

On Nov 20, 2024, 13:11 PM(UTC). According to Binance Market Data, Ethereum has crossed the 3,100 USDT benchmark and is now trading at 3,101.97998 USDT, with a narrowed narrowed 1.05% decrease in 24 hours.

According to Odaily, cryptocurrency ETP issuer 21Shares AG has announced the addition of a staking feature to its Ethereum Core ETP product. This enhancement comes with a rebranding of the product, now known as the 'Ethereum Core Staking ETP' (ETHC). The product is currently listed and traded on the Swiss Stock Exchange, Germany's Xetra Exchange, and the Amsterdam Euronext Exchange. The introduction of staking to the Ethereum Core ETP marks a significant development for 21Shares AG, as it aims to provide investors with more opportunities to engage with Ethereum's evolving ecosystem. Staking, a process that allows investors to earn rewards by participating in the network's consensus mechanism, is becoming increasingly popular among cryptocurrency enthusiasts. By integrating this feature, 21Shares AG is positioning itself to meet the growing demand for staking options within the digital asset market. This move is expected to attract more investors to the Ethereum Core Staking ETP, as it offers a way to potentially increase returns through staking rewards. The rebranding to 'Ethereum Core Staking ETP' reflects the product's enhanced capabilities and aligns with the company's strategy to innovate and expand its offerings in the competitive cryptocurrency market. As the product is available on major European exchanges, it provides investors with easy access to Ethereum staking opportunities, further solidifying 21Shares AG's position as a leading player in the cryptocurrency ETP space.

According to Binance Market Data, on November 20, 2024, 04:58 AM (UTC), Ethereum (ETH) crossed the 3,100 USDT benchmark and is now trading at 3,101.719971 USDT, with a narrowed 0.73% decrease in 24 hours.

Ethereum’s decentralized application (DApp) activity is on the rise, with a 37.7% increase in onchain volumes over the past month, reaching a staggering $149.9 billion, according to data from DefiLlama. Despite this, Ether (ETH) price has struggled to maintain levels above $3,200, leaving traders questioning when Ethereum might resume its bullish trajectory.Ethereum Maintains Network DominanceEthereum (ETH)  remains a leader across several key metrics:Total Onchain Volume: Far ahead of its closest competitor, BNB Chain, whose volumes reached $26.6 billion, Ethereum boasts over 5x the activity.Transaction Fees: Ethereum generated $163.7 million in fees over the last 30 days, crucial for maintaining network security.Total Value Locked (TVL): Ethereum commands $59.4 billion, dwarfing Solana’s $8.3 billion, despite Solana’s impressive 83% growth in on-chain activity.Layer-2 solutions like Arbitrum, Base, and Optimism are driving Ethereum’s scaling efforts, with users benefiting from lower transaction costs while still relying on Ethereum for security.Solana Presents a Growing ChallengeSolana’s rapid growth is Ethereum’s most significant competition:DEX Volumes: Solana surpasses Ethereum (ETH) with leading DApps like Raydium, Jito, and Photon generating $338.5 million in fees within 30 days.Fee Revenues: Solana earned $133.4 million in network fees, showing its strength in DApp activity.However, Solana’s staking economics lag behind Ethereum (ETH) . While Solana offers a 6.2% staking reward, its 5.2% inflation rate significantly reduces net returns. In contrast, Ethereum’s 3.3% staking rewards, combined with a much lower inflation rate of 0.7%, make it a more attractive option for institutional investors.Scalability Challenges and the Road AheadEthereum’s biggest hurdle remains achieving scalability without disrupting its layer-2 ecosystem. The roadmap for Ethereum 3.0, which aims to reintroduce sharding and leverage zero-knowledge Ethereum Virtual Machine (zkEVM) technology, promises substantial improvements. However, this vision may take years to materialize.From an on-chain perspective, Ethereum’s fundamentals position it for long-term growth. However, short-term price performance may hinge on delivering its scalability solutions while retaining its competitive edge over rivals like Solana, according to Cointelegraph.Read More: Why Is XRP Price Down Today? Profit-Taking and Controversies Weigh on SentimentEthereum (ETH) Price Targets $3.7K Amid Growing Smart Money Confidence and On-chain StrengthBlackRock Supports U.S. Strategic Bitcoin Reserve, Says Satoshi Action Fund CEO

Ether (ETH) is eyeing a potential rally to $3,735 as it continues to show strength following a 30% surge over the last two weeks. The bullish sentiment around the largest altcoin by market capitalization is bolstered by increased on-chain activity and rising confidence among institutional and experienced investors.Ethereum Sees Robust Onchain GrowthEthereum’s network activity has surged, with the number of daily active addresses (DAAs) climbing from 377,065 on Oct. 27 to 487,941 on Nov. 19, per Glassnode data. Transaction counts also rose significantly, reaching 1.29 million daily transactions on Nov. 15, up from 962,160 in late October.The rising transaction volume reflects increased adoption of Ethereum-based decentralized applications (DApps), spanning DeFi, gaming, and more. As a result, Ethereum’s total value locked (TVL) has grown by 25% since Nov. 5, reinforcing its bullish fundamentals.Smart Money Signals Bullish ConfidenceMarket sentiment among "smart money" investors — experienced traders and high-net-worth entities — has been exceptionally positive. Data from Market Prophit shows smart money sentiment at 2.28 (on a scale to 5), indicating a high level of confidence in Ethereum’s near-term upside. In contrast, general retail sentiment remains neutral at 0.06, suggesting that the broader market is yet to fully capitalize on Ethereum’s recent rally.Technical Indicators Point to $3,735 TargetEther’s (ETH) price action has formed a U-shaped recovery pattern on the four-hour chart, setting the stage for a potential breakout. A decisive close above the neckline at $3,376 could push ETH to the pattern’s bullish target of $3,735, marking a 20% gain from current levels.Conversely, key support lies around $3,000, where approximately 3.1 million ((ETH)) were previously acquired by 3 million addresses, according to IntoTheBlock data. On the upside, Ether faces resistance at $3,200, a zone where 6.1 million ETH were purchased by 4.25 million addresses.Ethereum’s positive on-chain metrics and strong smart money sentiment suggest that the altcoin could be gearing up for another leg higher. While resistance at $3,200 poses a challenge, a break above this level could pave the way for a rally toward $3,735, further reinforcing Ethereum’s bullish momentum in the weeks ahead, according to a Cointelegraph report.

On Nov 19, 2024, 8:50 PM (UTC) according to Binance Market Data, Ethereum (ETH) dropped below 3,100 USDT and is now trading at 3,098.610107 USDT, with a narrowed 1.73% decrease in 24 hours.

According to Foresight News, data from SoSoValue indicates that on November 18 (Eastern Time), Ethereum spot ETFs experienced a total net outflow of $39.08 million. Grayscale's Ethereum Trust ETF (ETHE) alone saw a single-day net outflow of $13.27 million, bringing its historical net outflow to $3.256 billion. Additionally, Grayscale's Ethereum Mini Trust ETF recorded a single-day net outflow of $5.0585 million, while its historical total net inflow stands at $375 million.In contrast, Fidelity's Ethereum ETF (FETH) reported the highest single-day net inflow among Ethereum spot ETFs, amounting to $3.1687 million. This brings FETH's historical total net inflow to $759 million.As of the time of reporting, the total net asset value of Ethereum spot ETFs is $9.329 billion. The net asset ratio of these ETFs, which compares their market value to the total market capitalization of Ethereum, is 2.46%. The historical cumulative net inflow for Ethereum spot ETFs has reached $139 million.

On Nov 18, 2024, 23:46 PM(UTC). According to Binance Market Data, Ethereum has crossed the 3,200 USDT benchmark and is now trading at 3,204.610107 USDT, with a narrowed 4.34% increase in 24 hours.

According to Odaily, Bloomberg Senior ETF Analyst Eric Balchunas recently shared insights on the X platform, highlighting a significant shift in the financial landscape for Ethereum ETFs. Following the election victory of Donald Trump, Ethereum ETFs have emerged from a period of capital outflows, now experiencing a refreshing change with net inflows. Balchunas referenced data from Bloomberg Intelligence, which indicates that the cumulative fund flow for Ethereum ETFs has turned positive. This marks a notable turnaround for the digital asset, suggesting renewed investor interest and confidence in the market. The shift in capital movement reflects broader market sentiments and potential optimism surrounding the political and economic implications of Trump's election win. The positive inflow into Ethereum ETFs could signal a stabilizing trend for the cryptocurrency market, as investors reassess their strategies in light of the new political landscape. This development is crucial for stakeholders and market participants who have been closely monitoring the performance of digital assets amid fluctuating economic conditions. As the market continues to evolve, the implications of these inflows will be closely watched by analysts and investors alike.

According to Odaily, Vitalik Buterin recently shared insights on the X platform regarding Ethereum's Layer 2 (L2) expansion strategy. He emphasized that a crucial aspect of this expansion involves increasing Ethereum's blob capacity. Additionally, he pointed out the importance of Rollups becoming more data-efficient. Buterin expressed his enthusiasm about Starknet's proactive approach in addressing these challenges. He also conveyed his hope that more Ethereum Virtual Machine (EVM) Rollups will enhance their data efficiency. This focus on improving data handling and capacity is seen as a vital step in Ethereum's ongoing development and scalability efforts.

On Nov 18, 2024, 11:13 AM(UTC). According to Binance Market Data, Ethereum has dropped below 3,100 USDT and is now trading at 3,094.399902 USDT, with a narrowed 0.41% decrease in 24 hours.

On Nov 18, 2024, 00:37 AM (UTC), according to Binance Market Data, Ethereum (ETH) crossed the 3,100 USDT benchmark and is now trading at 3,107.159912 USDT, with a narrowed 1.47% decrease in 24 hours.

On Nov 17, 2024, at 1:40 PM (UTC), according to Binance Market Data, Ethereum (ETH) dropped below 3,100 USDT and is now trading at 3,087.75 USDT, with a narrowed 2.65% decrease in 24 hours.