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Four reasons why Ethereum price remains bullish above $2,800
Ether price is up 11% since plunging below the $3,000 mark on Nov. 22, reclaiming key support levels. Analysts say that increased demand from institutions, coupled with the end of quantitative tightening, could lead to a recovery toward $3,600 next. Key takeaways: • Ethereum demand is recovering along with ETF inflows. • The end of the Fed’s QT on Dec. 1 will unlock liquidity into crypto markets. • Ether’s V-shaped chart pattern hints at a $3,600 target if key support holds. Ethereum’s Apparent Demand has remained positive despite the recent drawdown and has risen to its highest level since September ... (full story)
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