Ethereum Price Eyes $3,000 Rally as Arizona’s SB 1373 Sparks $91,000,000 Exchange Withdrawals in 48 hours

Quick Summary:

Ethereum price is showing early signs of a breakout after Arizona’s SB 1373 bill catalyzed $91 million in institutional ETH withdrawals.

Ethereum is trading at $1,619, showing early signs of upward momentum following recent policy optimism from Arizona’s pro-crypto legislation.

The bill integrates crypto seized by law enforcement and allows the state to invest up to 10% of its annual budget in digital assets—potentially unlocking hundreds of millions in capital inflows.

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Article Details

Author / Journalist: ibrahim

Category: Crypto

Markets: India

Topics: ETH price Ethereum price Price Analysis Ethereum

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-19 @ 21:58:29 (2 weeks ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 567 words

Reading Time: 4 minutes read

Sentences: 44 lines

Sentence Length: 13 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGape

News ID: 28007758

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About CoinGape

Main Topics: Crypto

Official Website: coingape.com

Update Frequency: 4 posts per day

Year Established: 2017

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News Last Updated: 8 hours ago

Coverage Areas: India

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