Ether Hits 1-Week High as Risk Sentiment Improves — Market Talk

Ether rises to a one-week high, supported by improved risk sentiment and institutional demand. Risk appetite is helped by a pullback in oil prices on signs that Gulf countries are managing to export significant oil volumes out the region. Meanwhile, U.S. spot ether exchange traded funds attracted about $689.8 million in net inflows during the week ended September 25, showing a clear improvement in institutional demand compared with the weaker flow environment seen earlier in the month, Zaye Capital Markets analyst Naeem Aslam says in a note. If ETF demand stays strong and Treasury yields soften, ether could rise further, he says. Ether rises 2% to as high as $2,747, LSEG data show. ([email protected])