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

ETH

ETH/USDT

$2,480.50

+0.78%

$2,480.50

+0.78%

(24s)

24h Volume

$8,477,795,613.58

24h H/L

$2,523.97 / $2,460.92

Change: $63.05 (2.56%)

Long/Short

56.1%

Long: 56.1%Short: 43.9%

Funding Rate

+0.0035%

Longs pay

Data provided by COINOTAG DATALive data

Ethereum

Daily

$2,481.14

▲ 0.03%

Volume (24h): -

Resistance Levels

Resistance 3$2,855.08

Resistance 2$2,564.88

Resistance 1$2,501.12

Price$2,481.14

Support 1$2,449.71

Support 2$2,354.69

Support 3$2,190.20

Pivot (PP):$2,472.79

Trend:Uptrend

RSI (14):64.0

Cointelegraph Staff

(04:29 PM UTC)

1 min read

Reviewed byJames Mitchell

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.