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Crypto

Ethereum Price Holds Steady at $2,693 Amid Rising Demand

Guavy AI Editorial Team
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ETH
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Ethereum's price held steady at $2,693 as demand and staking continued to rise. The coin remained above key short- and long-term moving averages, with spot accumulation, rising staking activity, and corporate treasury holdings supporting market demand.

Momentum indicators offered a mixed picture, with the MACD showing a sell signal while the ADX remained neutral. RSI stood at 47.05, placing Ethereum near the middle of its recent momentum range.

Corporate treasuries now hold about 8.49 million ETH in total, with BitMine Immersion Technologies increasing its Ethereum holdings beyond 6 million ETH and planning to stake most of them.

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Disclaimer: Guavy is a data and market intelligence provider, not an investment adviser. The information, signals, and market analysis provided by the Guavy API and related services are for informational purposes only and are not intended as financial advice, investment recommendations, or an endorsement of any particular trading strategy. Trading in volatile markets, including cryptocurrency, carries significant risk and may not be suitable for all investors. Past performance is not indicative of future results. Users should consult with a qualified financial professional before making any investment decisions. Guavy makes no guarantee of trading profits or financial returns.

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