ETH breaks through the $3400 mark

The trading volume of Binance TRUMP/USDT surged tenfold within 10 minutes, reaching $411 million in the past 24 hours, an increase of 21.54%. A surge in trading volume generally indicates an increase in market trading activity or large-scale fund buying and selling operations, which may be caused by certain important market changes or news announcements.

According to AiCoin monitoring, over the past 4 trading days, funds from the US spot BTC ETF have continued to flow in, reaching $2.676 billion. During this period, the largest inflow was IBIT, with a total of 1.404 billion US dollars; Next is ARKB, with an inflow of $505 million. According to the "Spot BTC ETF Tracking" real-time trading strategy developed by AiCoin, there is a significant positive correlation between the inflow of ETF funds and BTC prices. Subscription indicators can be used to automatically place orders based on the flow of funds in the program. Data for reference only

The current ETH price is hovering around 1800, and the member exclusive chip distribution indicator shows that a large number of chips are gathered in this area, forming strong support. Combined with recent price fluctuations, the market has tested this range multiple times without breaking, indicating that the main funds have a clear intention to protect the market. In addition, the KDJ death cross appeared simultaneously with the decline in trading volume, indicating that short-term action can weaken, but the EMA24/52 moving average is bullish and still tends to be upward in the medium to long term. The support level indicated by the distribution of chips will become the key to the next market trend. Open membership immediately, unlock chip distribution, and seize the opportunity! The data is sourced from the PRO member's [ETH/USDT Binance 90 minute] K-line, for reference only, and does not constitute any investment advice.

According to official data, in the seven days ending April 24th, Circle issued approximately 3.7 billion USDC, redeemed approximately 2.5 billion USDC, and increased circulation by approximately 1.2 billion pieces. The total circulation of USDC is 62 billion pieces, with reserves of approximately 62.3 billion US dollars, including cash of approximately 7.9 billion US dollars, and Circle Reserve Fund holding approximately 54.4 billion US dollars.

The current price of ETH is $1814.47, with a 2.31% increase in the past 24 hours. Among them, the total liquidation amount of contracts across the entire network in the past 1 hour was 10.24 million US dollars, with the main liquidation being short orders and ETH liquidation being 1.97 million US dollars (19.28%). The data is for reference only.