ETH (Ethereum) has pumped 0.18% in the last 24 hours.

Gate News Bot news, on November 20, according to CoinMarketCap data, as of the time of writing, ETH (Ethereum) is reported at 3040.10 USD, rising 0.18% in the last 24 hours, with a peak of 3561.86 USD and a low of 2871.23 USD, and a 24-hour volume of 40.597 billion USD. The current market capitalization is approximately 366.927 billion USD, an increase of 0.665 billion USD compared to yesterday.

Ethereum is a leading innovative application and blockchain network platform. It provides infrastructure for decentralized applications (DApps) and supports various application scenarios such as smart contracts, DeFi, and NFTs. The Ethereum ecosystem has the largest and most active developer community, continuously driving innovation in Web3 technologies and applications.

Important news about ETH recently:

1️⃣ BlackRock applies for a staking Ethereum ETF

The world's largest asset management firm BlackRock has submitted an application for a Staked Ethereum Trust ETF through its subsidiary brand iShares in Delaware. This move demonstrates the continued interest of institutional investors in Ethereum and is expected to bring more institutional capital inflow to ETH.

2️⃣ Vitalik Buterin warns of institutional holding risks

Ethereum founder Vitalik Buterin stated at the Devconnect conference that if institutions like BlackRock continue to accumulate ETH on a large scale, it could pose two major threats to Ethereum: driving away core developers and leading to improper technical decisions. He emphasized the need to maintain Ethereum's decentralized characteristics and core values.

3️⃣ Aztec launches L2 blockchain Ignition Chain

The zero-knowledge privacy technology project Aztec has launched the L2 blockchain Ignition Chain on the Ethereum mainnet. This chain allows users to stake, earn block rewards, and coordinate block generation, with early participants receiving higher rewards. This development helps to expand the Ethereum ecosystem and improve network performance.

From a technical perspective, the ETH price is fluctuating around the $3000 mark, showing a volatile trend in the short term. The continuous attention from institutional investors and the development of Layer 2 solutions provide some support for ETH, but changes in market expectations regarding Federal Reserve policies could trigger short-term fluctuations.

This message is not to be taken as investment advice; investors should be aware of market volatility risks.