Ethereum's price movement today has been shaped by a mix of positive and cautious developments. The announcement by Swiss state-owned bank PostFinance to offer Ethereum staking services has bolstered investor interest, as it allows customers to earn passive income from their ETH deposits. This move is expected to increase demand for Ethereum, as more investors are likely to participate in staking activities. On the other hand, market anxiety was stirred by Donald Trump's DeFi project, World Liberty Financial, which transferred a significant portion of its Ethereum holdings to Coinbase. Although the project clarified these were routine treasury management adjustments, the large transfers have sparked speculation about a potential ETH dump, contributing to a cautious market sentiment.
The Volatility Shares Trust 2x Ether ETF (ETHU) rose 4.14% to $7.80 at 5:00 AM on Friday, January 17.