ETH in the spotlight: latest news

Ethereum (ETH) is demonstrating renewed strength, with analysts pointing to a potential Wyckoff re-accumulation phase developing in the charts, indicating a possible breakout to $10,000 as smart money accumulates.

Stablecoin usage on the Ethereum network has increased by 400% in the past month, reaching a record high of $580.9 billion, with more than 12.5 million transfers recorded.

Digital asset treasury companies, which are public entities that allocate cryptocurrency to offer stock investors exposure to digital assets, have shown a significant preference for Ethereum over Bitcoin in a key investing metric.

Bitcoin remains stable after a notable rally on Tuesday, while Ethereum is experiencing unusual volatility in contrast to Bitcoin. Solana, on the other hand, is making significant gains amidst the backdrop of developments in China and the White House.