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ETH breaks through $2700 leading the Mainstream Token, the market overall still maintains range Fluctuation.
Gate News bot news, Ethereum leads the rise of major crypto assets, breaking through the $2,700 mark in Thursday's early trading. Despite frequent macroeconomic and corporate news, the overall crypto assets market still maintains range fluctuation.
Traders indicate that the Ethereum spot ETF recorded net inflows, which has increased institutional investors' interest in the asset, even as Bitcoin fund inflows have slowed.
It is worth mentioning that after the Nasdaq-listed company VivoPower announced a grant of $121 million to establish a treasury reserve based on XRP, the price of XRP remained relatively unchanged, not stirring up much of a splash in the market.
LVRG Research director Nick Ruck stated: "After the federal court blocked Trump's tariffs, the US stock market rose, but after the Federal Reserve decided to keep interest rates unchanged, the price of Bitcoin fell."
"These signals may indicate that investors remain optimistic in the long term, but are currently avoiding Bitcoin risks in the short term," Ruck added. In addition, some traders have stated that the market is currently entering what is known as the "Goldilocks zone," where data remains stable, major risks have been absorbed, and catalysts are about to emerge.
Source: CoinDesk