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Big Buyers Could Drive Ethereum Rally
There’s an emerging sense that the Securities and Exchange Commission (SEC) will reject applications for spot ethereum exchange traded funds next month, but there are still plenty of avenues through which the second-largest cryptocurrency can appreciate. Some good old fashioned, large-scale buying could be all that’s needed to propel ethereum’s current market capitalization of $421.1 billion to the upside. Data indicate some of that buying already materializing. Recent data from Lookonchain and Spot On Chain revealed ethereum transfers totaling north of $205 million over the past several days. “After ETH’s ... (full story)