Ethereum Soars To 11-Month High Amid Massive Staking Withdrawals

The price of Ethereum has surged to an 11-month high despite the withdrawal of nearly 240,000 ETH. The withdrawals did not have any negative impact on the Ethereum price trend as the crypto asset is on a surge spree. As of the time of writing, ETH has recorded a price growth above 6% in the past 24 hours, beyond BTC’s 1.77% gain. There is seemingly an improvement in market sentiment around the asset today, causing ETH’s value to skyrocket.  This is also evident in the token’s trading volume in the past 24 hours. If this trend continues, the price could