Ether ETF buyers sit at an average of $3,200: the Ethereum price levels that count until then

The information provided in this article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments carry a high degree of risk. Always conduct your own research.Analysis: According to an estimate by Bloomberg Intelligence, buyers of the US Ether ETFs paid just under $3,200 on average, while Ether trades at $2,425 after the election jump. We recalculate the funds' paper loss, put the outflows in context and show which levels count on the way to the cost basis.Add as a preferred source on GoogleFollow on Google NewsBuyers of the US Ether ETFs got in at just under $3,200 on average. According to CoinGecko, Ether cost around $2,425 on Wednesday evening, roughly 24 percent less. What is documented: the cost basis estimate comes from James Seyffart, ETF analyst at Bloomberg Intelligence, and the fund data from SoSoValue. Our assessment follows further below: the cost basis is a distant level, and for the coming weeks the lines between $2,157 and $2,506 are what count. There are two triggers. After the US election, Ether rose 5.7 percent in 24 hours, clearly more than Bitcoin at 3.5 percent. At the same time, the US spot Ether ETFs lost money ...