Ethereum Surges With Key Developments in the Cryptocurrency Ecosystem
Main Idea
Ethereum maintains its price above $3,800 amid market volatility, supported by key developments including its 10th anniversary, SEC approval of Ethereum ETFs, and growing institutional demand.
Key Points
1. Ethereum's price remained above $3,800 despite a market cool-off before the U.S. Federal Reserve’s interest rate decision.
2. Futures open interest dropped by $2 billion to $54.1 billion, and futures trading volume declined by 32% to $84.7 billion.
3. Three key factors boosting Ethereum: its 10th anniversary, SEC approval of Ethereum ETFs, and BlackRock’s iShares Ethereum ETF holding over 3 million ETH (2.5% of circulating supply).
4. Ethereum is trading at $3,802, with resistance at $4,158 and support at $3,518; RSI at 75.48 suggests potential for short-term upward movement.
5. Analysts predict breaching $4,158 could push the price to $4,500, while dropping below $3,750 may lead to a retracement to $3,520.
Description
Ethereum holds above $3,800 despite market cool-off before Fed's decision. Key developments boost Ethereum's market resilience and investor interest. Continue Reading: Ethereum Surges With Key Developments in the Cryptocurrency Ecosystem The post Ethereum Surges With Key Developments in the Cryptocurrency Ecosystem appeared first on COINTURK NEWS .
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