Myriad Traders Turn Bullish on Ethereum as Price Rebounds to $2,330

Ethereum rebounded to $2,330-up 2.6% in 24 hours and 12% weekly. Traders on prediction market Myriad now assign a 54% chance to ETH hitting $3,000, up from 37% yesterday.

Digital asset investment products saw $315 million in Ethereum-specific inflows last week-the third consecutive week of gains. CoinShares attributes the strength to new U.S. staking listings.

BitMine Immersion Technologies purchased 60,999 ETH-worth $138 million-adding to its treasury. Earlier in the week, it acquired 5,000 ETH directly from the Ethereum Foundation for $10.2 million.

BitMine Chairman Tom Lee called the rally a sign of resilience amid geopolitical stress and labeled current conditions the 'late/final stages of the mini-crypto winter.'