Ethereum $2,852.6 (ETH) price, even though harsh fluctuations in recent days, the rise acceleration has regained the acceleration. ETH, which gained 4 percent value during the day, is traded at the level of 2 thousand 850 dollars. Investors wonder whether this rise will continue and Ethereum will overcome the threshold of $ 3,000.
Will the rise in Ethereum price continue?
Ethereum, last week to the level of 2 thousand 100 dollars decreased by a major decline. However, market experts say ETH is at a strong level of support. Crypto currency analyst Ali MartinezEthereum’un more than 2 thousand 500 dollars to stay in the range of 4 thousand to 6 thousand dollars can rise up to the range, he said.
However, if Ethereum decreased below 2 thousand 500 dollars, the price rapidly declined to a thousand $ 700. Technical Analysis If the level of 4 thousand dollars is exceeded ETH priceIt shows that it can climb up to 7 thousand and even 10 thousand dollars.
EthWhether the rise potential of the rise will continue to depend on the increase in volume and investor interest in the market. In particular, the mobility in the futures and option markets will play a critical role in determining the direction of the price.
Demand for Ethereum ETFs is increasing
Ethereum priceOne of the important factors supporting the rise in the promotion was the increase in investor interest in Spot Ethereum ETFs. Blackrock’s Ethereum ETF (ETHA) was only $ 276 million on Tuesday. ETHA’s total entrances reached $ 4.4 billion. This shows that corporate investors’ interest in Ethereum has increased.
Also the CBOE exchange on Wednesday Spot Ethereum ETFHe applied for options trade for their s. Bitwise Ethereum ETF, Grayscale Ethereum Trust and Grayscale Ethereum Mini Trust products were included in the application. Analysts say that when the option trade is approved, the price of ETH can move towards $ 4,000.
It remains unclear whether this rise in the price of Ethereum is permanent. However, corporate investment interest and mobility in the derivative markets give strong signals that ETH can enter a new wave of ascension.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
