Key facts: ETH ETF losses $3.5B; 98% recovered; 2028 transition goal
ETH ETF investors held nearly $3.5 billion in unrealized losses at October’s end, with an estimated average cost near $3,200. Inflows weakened in October and continued to fall in November.Attackers used Ethereum’s EIP-7702 feature to move about 167,464 ETH from a Binance wallet on Oct. 29. Binance later revoked the access and said it recovered 98% of affected assets.Ethereum developers hope to complete the network’s post-quantum and AI transition by December 2028, a year ahead of the current target. The roadmap remains subject to reassessment in January 2027.Ethereum’s three-day chart shows a TD Sequential buy signal, with a correction possibly nearing its end. A break above $2,500 could open the way to around $2,700.BitMine added 8,573 ETH last week, lifting its reported holdings to 6,060,506 ETH—about 4.9% of Ethereum’s circulating supply.This is an AI-generated summary and may contain inaccuracies. Please verify any important information with the original sources.