Market Performance Overview
ETH surged significantly by 18% this week, demonstrating strong upward momentum likely to persist.
Key Highlights:
- Price Action: ETH closed at 166.75 USDT, breaching 5-day (165.2) and 10-day (156.45) moving averages.
- Technical Indicators: "Bullish alignment" detected—5-day > 10-day > 30-day MA—suggesting continued gains.
- Capital Flow: Net inflows peaked at $130M+** mid-week, with total weekly inflows reaching **$470M (+1200% WoW).
👉 Track real-time ETH price movements
Futures & On-Chain Activity
- Futures: OKEx data shows ETH weekly contracts settled at $162.81 (+18% WoW). Open interest rose 16% to 12.83M contracts.
- Large Transactions: Tokenview noted a 30%+ increase in transfers exceeding 5,000 ETH, though no consolidation into top-100 wallets occurred.
Ecosystem & Technology
- ZKDAO secured 2nd place at ETHParis for its zero-knowproof voting system.
- Marble launched Polaris, an Uniswap-based oracle resistant to price manipulation.
- DApps: 17 new ETH DApps deployed; gambling/exchange categories dominate activity.
Regulatory & Adoption News
- Thailand/Myanmar: Central banks greenlit Ethereum-based remittances via Everex.
- Jamaica Stock Exchange: Piloting BTC/ETH trades with Blockstation.
- Ethereum Co-founder Joseph Lubin endorsed ETH as the "only viable trust layer."
FAQs
Q: Why did ETH prices surge?
A: Strong capital inflows, technical bullishness, and adoption news fueled the rally.
Q: How does Polaris improve price feeds?
A: It uses Uniswap’s median checkpoints and incentivizes third-party validators for accuracy.
Q: Is Ethereum mining still profitable?
A: Yes—hash rate rose 6.86% despite block rewards dropping to 2 ETH.
👉 Explore Ethereum's latest upgrades