ETH (Ethereum) dropped 4.57% in the past 24 hours. According to CoinMarketCap data as of press time, ETH is currently priced at $3,421.21, down 4.57% over the last 24 hours. The highest price reached was $3,656.15, and the lowest was $3,170.51. The 24-hour trading volume is $38.693 billion. The current market capitalization is approximately $412.929 billion, a decrease of about $19.765 billion from yesterday. ETH is currently ranked 2nd in the cryptocurrency market cap list. Recent significant news about ETH: 1️⃣ Institutional investors continue to increase their holdings of ETH. Republic Technologies raised $100 million through zero-coupon convertible bonds, with over 90% allocated to purchasing ETH. This reflects growing confidence among institutional investors in ETH's long-term value and may provide sustained buying support for the market. 2️⃣ Activity among large holders is rising. A well-known ETH whale has accumulated an additional 14,742 ETH in the past 20 minutes, bringing their total long position to 54,742 ETH, worth approximately $193 million. The active participation of large holders may signal a warming market sentiment and could help drive ETH's price movement. 3️⃣ ETH collateral activity on lending platforms has increased. A major institution has collateralized 78,444 ETH on Aave and borrowed 44,287 ETH, valued at about $156 million. This leverage operation indicates some investors are optimistic about ETH's short-term prospects but also increases market volatility risk. From a technical perspective, ETH's price has been fluctuating within the $3,400-$3,600 range and may face some short-term pressure. However, considering ongoing institutional buying and active large holders, ETH's medium- to long-term trend remains worth watching. This information is not investment advice; please be aware of market volatility risks. #CoinDesk11月报告Gate战绩来袭