ETH Price Jumps 8.7% as Whale Staking and Institutional Inflows Gain Momentum
Ethereum's price has surged by 8.7% in a day, driven by intensified whale staking and strong institutional inflows.
The network upgrade on Glamsterdam is also gaining momentum, with developers launching the Plataberget testnet for public testing.
As Ethereum trades above its major moving averages, technical indicators are pointing to a bullish tone, but some overbought signals suggest caution.