10x Research: Currently, Ethereum's 7-day and 30-day moving averages both show a bullish trend

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According to Foresight News, 10x Research's analysis indicates that the current Ethereum (ETH-USDT) price is above the 7-day and 30-day moving averages, which means ETH is in a bullish trend. Over the past week, ETH price has risen by approximately 3.6%, potentially driven by around $148.5 million in inflows to the Ethereum ETF, particularly with BlackRock's Ethereum ETF starting to accumulate ETH, with its asset size now reaching approximately $4.6 billion. Additionally, BitMine raised $250 million to support ETH asset strategies, and SharpLink Gaming increased its holdings by 9,468 ETH, strengthening institutional demand.

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