10X Research: Both Ethereum's 7th and 30th-day moving averages currently show a bullish trend
2025-07-09 08:19:55
10X Research published an analysis on the X platform, saying that the current Ethereum (ETH-USDT) price is higher than the 7-day moving average and the 30-day moving average, which means that the ETH price is in a bullish trend. In the past week, the ETH price has risen by about 3.6%. This trend may be driven by the inflow of about 148.50 million US dollars into the Ethereum ETF, especially the BlackRock Ethereum ETF began to increase its holdings of ETH, and the ETF asset size has reached about 4.60 billion US dollars. In addition, BitMine raised 250 million US dollars to support the ETH asset strategy, and SharpLink Gaming increased its holdings of 9,468 ETH, strengthening institutional demand.
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