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Ethereum Steady at $2,710.97 Amid Ongoing Demand and Institutional Activity

Guavy AI Editorial Team
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ETH
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Ethereum (ETH) continues to trade steadily, currently priced at $2,710.97, despite a modest daily increase.

The price remains above its key moving averages, indicating ongoing demand momentum.

The SEC's recent clarification on Ethereum staking services and receipt tokens has provided regulatory certainty, boosting institutional activity and contributing to upward price pressure.

The U.S. spot Ethereum ETFs recorded a sixth straight day of net inflows totaling $87 million, with BlackRock's ETHA leading the way.

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