Ethereum's price movement today has been influenced by several key developments. Notably, the Swiss state-owned bank PostFinance announced the launch of Ethereum staking services, allowing customers to earn passive income from their ETH deposits. This move positions PostFinance alongside other major banks offering crypto staking, potentially increasing demand for Ethereum as more investors seek to participate in staking activities. Dr. Alexander Thoma, head of digital assets at PostFinance, emphasized the transparency and security of their staking service, which is integrated with the bank's existing offerings.
In contrast, Donald Trump's DeFi project, World Liberty Financial, has stirred market anxiety by moving a significant portion of its Ethereum holdings to Coinbase. This action led to speculation about a potential ETH dump, although the project clarified that these were routine adjustments for treasury management. Despite these clarifications, the large transfers have drawn attention as Ethereum trades near key resistance levels, contributing to a muted price response in the face of broader altcoin market recovery.
Ethereum's price has increased by 2.93% today, reaching $3,404.47, with a high of $3,411.55 and a low of $3,307.60.