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

ETH

ETH/USDT

$1,881.37

-0.11%

$1,881.37

-0.11%

(24s)

24h Volume

$2,051,787,694.60

24h H/L

$1,892.31 / $1,877.01

Change: $15.30 (0.82%)

Long/Short

66.9%

Long: 66.9%Short: 33.1%

Funding Rate

+0.0045%

Longs pay

Data provided by COINOTAG DATALive data

Ethereum

Daily

$1,887.46

▲ 0.26%

Volume (24h): -

Resistance Levels

Resistance 3$2,047.57

Resistance 2$1,932.59

Resistance 1$1,890.03

Price$1,887.46

Support 1$1,882.59

Support 2$1,837.64

Support 3$1,792.05

Pivot (PP):$1,881.75

Trend:Sideways

RSI (14):52.0

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.