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Ethereum Price Upside Strengthens, and $2,800 Support Isn’t Far Off
Ethereum price has extended its bullish trend on Thursday, edging up by 0.5% to trade at $2,784. The coin had hit four-week highs of $2,824 earlier, and has gained more than 8% in the last week. Furthermore, it recently formed a golden cross (crossover of the 50 MA above the 200 MA) on the daily chart, and with the RSI at 61, the upside trajectory looks likely to extend. Notably, there has been a steep uptick of investor inflows into ETH spot ETFs, with Wednesday’s figure of $211.3 million being the highest in the last month. The current momentum on Ethereum price will likely attract more investor funds, resulting ... (full story)
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