Ethereum

United

Bitcoin

<ul>
 <li><strong>At the time of writing, ETH is trading at $2018, down 1.59% in the last 24 hours.</strong></li>
 <li><strong>If the price manages to go above $2042 level, then it will likely retest the $2088 mark.</strong></li>
</ul>
<p>Institutional crypto products had their largest increase of inflows in two years, according to a recent report. Institutional investors have maintained a significant stake for the ninth consecutive week, according to CoinShares’ latest Digital Asset Fund Flows report.</p>
<p>The highly anticipated introduction of a spot-based ETF for cryptocurrency, most likely beginning with <a href="https://thenewscrypto.com/can-bitcoin-btc-really-hit-the-40k-target-this-week/" target="_blank" rel="noopener noreferrer nofollow">Bitcoin</a>, is considered by CoinShares to have been the driving force behind the inflows. With $312 million, Bitcoin once again leads the list. While $34 million was poured into Ethereum last week.</p>
<p>Compared to similar Bitcoin crypto funds, this amount represents a meager 10% of the inflow. This discrepancy is especially interesting given the rivalry between BTC and ETH for spot exchange-traded fund (ETF) approval in the United States.</p>
<h3 class="wp-block-heading" id="h-struggle-continues">Struggle Continues</h3>
<p>Nearly half of the way down from its all-time high of $4,800, the price of Ethereum has been fluctuating. However, amid market uncertainty, retesting the ATH looks like a formidable task.</p>
<p>At the time of writing, <a href="https://thenewscrypto.com/can-ethereum-break-free-from-its-sluggish-momentum/" target="_blank" rel="noopener noreferrer nofollow">ETH</a> is trading at $2018, down 1.59% in the last 24 hours as per data from CoinMarketCap. Moreover, the trading volume is up 10.73%. The price yet again made a failed attempt to go above $2100 mark on November 24 and faced intense selling pressure.</p>
<div class="wp-block-image">
 <figure class="aligncenter size-full"><img decoding="async" width="630" height="380" src="https://thenewscrypto.com/wp-content/uploads/2023/11/ETH_7D_graph_coinmarketcap-8.png" alt="" class="wp-image-86508" srcset="https://thenewscrypto.com/wp-content/uploads/2023/11/ETH_7D_graph_coinmarketcap-8.png 630w, https://thenewscrypto.com/wp-content/uploads/2023/11/ETH_7D_graph_coinmarketcap-8-300x181.png 300w" sizes="(max-width: 630px) 100vw, 630px">
  <figcaption class="wp-element-caption">
   Source: <a href="http://CoinMarketCap.com" target="_blank" rel="noopener noreferrer nofollow">CoinMarketCap</a>
  </figcaption>
 </figure>
</div>
<p>If the price manages to go above $2042 level, then it will likely retest $2088 resistance area. Further push, will likely result in price retesting $2100 mark. On the other hand, if the price manages to go below $1967 level, then it will likely decline further to test $1916 support level.</p>

Ethereum Faces Steep Decline After Failing to Clear Above $2100

Table of Contents

TheNewsCrypto

Other articles published on Nov 28, 2023

Berkshire Hathaway vice chair Charlie Munger passes away at age 99

New Binance CEO Richard Teng: Here’s what you need to know

Bitcoin Price Prediction As $38000 Breakout Hints Resumption of Recovery Trend

5ire token set to launch on Bybit exchange: 05 December 2023

Top 5 Mind-Blowing AI Crypto Projects

Why Did Bitcoin Fall? While BTC was Falling, These Altcoins Decoupled Positively from the Market!...

Join our free newsletter for daily crypto updates!