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via Cointelegraph · By Cointelegraph Staff

Ether Struggles Below $2.4K As Spot ETH ETF Demand Slumps

ETH

ETH/USDT

$1,558.62

-1.31%

$1,558.62

-1.31%

(24s)

24h Volume

$15,762,588,739.63

24h H/L

$1,660.54 / $1,532.90

Change: $127.64 (8.33%)

Long/Short

79.2%

Long: 79.2%Short: 20.8%

Funding Rate

-0.0026%

Shorts pay

Data provided by COINOTAG DATALive data

Ethereum

Daily

$1,566.82

▼ -3.41%

Volume (24h): -

Resistance Levels

Resistance 3$1,770.04

Resistance 2$1,687.64

Resistance 1$1,585.08

Price$1,566.82

Support 1$1,552.16

Support 2$1,459.11

Support 3$1,244.77

Pivot (PP):$1,586.75

Trend:Downtrend

RSI (14):30.5

Cointelegraph Staff

(10:17 PM UTC)

1 min read

Updated byJames Mitchell

964 views

0 comments

Ether (ETH) has tested the $2,400 resistance five times over the past month, with each breakout attempt losing momentum near that level. The stalled price action comes as spot Ether exchange-traded funds (ETFs) recorded just $500 million in inflows since March. Ether reserves on Binance exchange climbed by 400,000 ETH, and ETH futures traders also reduced leverage exposure over the past week.

Weak…

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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