The price of Ethereum (ETH) has experienced a brief recovery from significant downward pressure, reaching the $2.6K range. In the last 24 hours, ETH saw a moderate spike of 3.13%, with a current trading price of $2,617 and a market cap of $314 billion. The daily trading volume of Ethereum has also increased by 29.56% to $19 billion. Monochrome Asset Management has launched Australia's first Ethereum exchange-traded fund (ETF), providing direct access to ETH. The ETF will be available on Australian brokerage platforms without transfer fees or capital gains tax implications. The ETH price has declined by over 7.20% in the last seven days but may climb higher if the upside correction continues, potentially reaching $2,726.



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