Ethereum

Aave

Arbitrum

Pepe

Ethereum (<a href="https://crypto.news/price/ethereum/">ETH</a>) has been holding above the $2,000 mark as investment products significantly surged after the exchange-traded fund proposal.&nbsp; 
The largest asset manager with $9.4 trillion of assets under management, BlackRock, <a href="https://crypto.news/crypto-investment-products-see-surge-amid-etf-proposals/">registered an iShares ETH Trust</a> on Nov. 9. Since the proposal, Ethereum saw a 9% rise, surpassing the crucial $2,000 mark. 
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 <img decoding="async" loading="lazy" width="3840" height="1300" src="https://crypto.news/app/uploads/2023/11/Ethereum-ETH-11.45.20-14-Nov-2023.png" alt="Ethereum maintains position above $2k after ETF proposal surge - 15" class="wp-image-14215405">
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 ETH price, whale activity, open interest and Binance funding rate – Nov. 14 | Source: <a href="https://app.santiment.net/charts/GFANv_iF__sCl" target="_blank" rel="noopener">Santiment</a>
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According to data provided by Santiment, following the rise, whale transactions consisting of at least $100,000 worth of ETH surged by 25% over the past 24 hours — hiking from 2,151 to 2,678 transactions over the past day. 
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According to a crypto.news report on Nov. 13, whales have <a href="https://crypto.news/whales-bought-58m-worth-of-aave-eth-arb-pepe/">accumulated</a> over $58 million worth of Aave (<a href="https://crypto.news/price/aave/">AAVE</a>), Ethereum, Arbitrum (<a href="https://crypto.news/price/arbitrum/">ARB</a>), Pepe (<a href="https://crypto.news/price/pepe/">PEPE</a>), and a few more altcoins over the past week.&nbsp; 
With the hike in whale activity, data provided by Santiment shows that ETH’s price-daily active addresses (DAA) divergence took a deep dive, declining to negative 45.17%. When the price DAA divergence drops to below zero, the indicator suggests a “sell” signal since large whales might manipulate the market. 
On the other hand, per Santiment, Ethereum’s total open interest (OI) declined from $4.15 billion on Nov. 10 to $3.85 billion at the time of writing.&nbsp; 
Moreover, ETH’s Binance funding rate currently stands at 0.02%, suggesting the dominance of short position holders until further movements. 
Ethereum is up by 0.7% in the past 24 hours and is trading at $2,050 when writing. The asset’s market cap rose to $247.5 billion with a 24-hour trading volume of $13.4 billion. 
 Read more: <a href="https://crypto.news/cboe-digital-to-introduce-margined-btc-eth-futures/"> Cboe Digital to introduce margined BTC, ETH futures </a>

Ethereum maintains position above $2k after ETF proposal surge

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