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via Cointelegraph · By Cointelegraph Staff

Ether May Soar to Five-Digit Prices Fueled by Rising Institutional Adoption

ETH

ETH/USDT

$1,560.51

-1.66%

$1,560.51

-1.66%

(24s)

24h Volume

$17,752,209,290.77

24h H/L

$1,660.54 / $1,532.90

Change: $127.64 (8.33%)

Long/Short

78.5%

Long: 78.5%Short: 21.6%

Funding Rate

-0.0018%

Shorts pay

Data provided by COINOTAG DATALive data

Ethereum

Daily

$1,570.79

▼ -3.17%

Volume (24h): -

Resistance Levels

Resistance 3$1,771.37

Resistance 2$1,687.84

Resistance 1$1,615.03

Price$1,570.79

Support 1$1,552.35

Support 2$1,460.44

Support 3$1,244.77

Pivot (PP):$1,588.08

Trend:Downtrend

RSI (14):30.7

Cointelegraph Staff

(04:29 PM UTC)

1 min read

Reviewed byJames Mitchell

660 views

0 comments

Market analysts said Ether (ETH) was ready to continue its uptrend following moves by JPMorgan and BlackRock to launch tokenized funds on the Ethereum network.

Key takeaways:

Institutional adoption is underway as JPMorgan and BlackRock plan to launch tokenized funds on Ethereum.
Strong technical structures in multiple time frames suggest ETH price is bottoming out.

ETH traders anticipate the…

COINOTAG does not provide financial advisory services. This content is for informational purposes only and should not be considered investment advice. Cryptocurrency investments involve high risk.

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Source

Cointelegraph Staff · Cointelegraph

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