Myriad Traders Flip Bullish on Ethereum Amid Rebound to $2,300
Ethereum has rebounded to around $2,330, posting gains of 2.6% on the day and over 12% for the week. Prediction market Myriad now assigns a 54% probability to ETH rising to $3,000 before falling to $1,500, reflecting increased optimism compared to yesterday’s 37%. Digital asset investment products have seen $1.06 billion in inflows over the past three weeks, with $315 million going into Ethereum, supported by new U.S. staking listings. BitMine Immersion Technologies continued accumulating ETH, purchasing 60,999 ETH (approx. $138 million) this week and previously directly acquiring 5,000 ETH from the Ethereum Foundation. BitMine’s chairman noted Ethereum’s resilience despite geopolitical tensions and high oil prices, and suggested the market may be exiting a “mini-crypto winter.”
