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Ethereum Blasts Past $1,900 as On-Chain Signals Point to Institutional Buying

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Ethereum Blasts Past $1,900 as On-Chain Signals Point to Institutional Buying - NewsBTC

Quick Summary:

Ethereum Liquidity and Exchange Behavior May Shape Short-Term Trajectory Adding to this narrative, CryptoQuant analyst Darkfost noted a sharp uptick in stablecoin inflows to Binance, with May 6 marking the highest single-day inflow since April.

Related Reading: Ethereum To Witness Big Breakout’ In The Next Two Weeks If This Level Holds Darkfost explained that Binance currently holds the largest stablecoin reserves among all major centralized exchanges.

While the minted USDT does not necessarily enter ETH directly, the timing, coinciding with the ETH price breakout, suggests a strong possibility that some of this liquidity found its way into Ethereum or related trading pairs.

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Ethereum Blasts Past $1,900 as On-Chain Signals Point to Institutional Buying - NewsBTC (Picture 1)Ethereum Blasts Past $1,900 as On-Chain Signals Point to Institutional Buying - NewsBTC (Picture 2)

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Article Details

Author / Journalist: Samuel Edyme

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-09 @ 07:00:26 (19 hours ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 432 words

Reading Time: 3 minutes read

Sentences: 77 lines

Sentence Length: 6 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © NewsBTC

News ID: 28508923

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Main Topics: Crypto

Official Website: newsbtc.com

Update Frequency: 7 posts per day

Year Established: 2013

Headquarters: United Kingdom

News Last Updated: 9 hours ago

Coverage Areas: United Kingdom

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

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Publisher ID: #102

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  • URL: https://encashes.beamstart.com/news/ethereum-blasts-past-1900-as-17467756664984

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