Ethereum

Solana

Strong

Momentum

<ul>
 <li><strong>At the time of writing, ETH is trading at $2253, up 4.53% in the last 24 hours.</strong></li>
 <li><strong>If the price manages to go past $2307 then it will rally further to test $2736.</strong></li>
</ul>
<p>Bybit released a research report that highlighted the strategic movements made by institutional investors and provided insight into their asset allocation interests. The research emphasizes a notable change in asset allocation, particularly within the <a href="https://thenewscrypto.com/institutional-investors-bullish-on-bitcoin-as-per-bybit-research/" target="_blank" rel="noopener noreferrer nofollow">Bitcoin</a> and Ethereum domains, with an emphasis on the evolving market attitudes of institutional investors.</p>
<p>Institutional investors are showing renewed interest in <a href="https://thenewscrypto.com/ethereum-eth-rallies-as-speculation-surrounds-spot-etf-approval/" target="_blank" rel="noopener noreferrer nofollow">Ethereum</a>. After a brief dip shortly following the Shapella update, institutional investors are starting to see Ethereum’s potential.</p>
<p>An optimistic outlook in Ethereum’s technical breakthroughs and potential development trajectory is reflected in this increased investment, which is detailed in the analysis.</p>
<p>The creator of Solana, Anatoly Yakovenko, has recently made a rather moderate remark on the Ethereum blockchain. Yakovenko attempted to defuse tensions during a speech, despite the fact that the two projects are often seen as deadly rivals. Against widespread speculation that Solana is “Ethereum killer,” Anatoly Yakovenko has spoken up openly.</p>
<p>However, such generalizations hurt the crypto ecosystem as a whole, as they encourage needless competition across the different protocols, claims Yakovenko. Therefore, Yakovenko requested greater collaboration, stating that the success of one project is not dependent on the failure of another.</p>
<h3 class="wp-block-heading" id="h-bulls-dominating">Bulls Dominating</h3>
<p>At the time of writing, ETH is trading at $2253, up 4.53% in the last 24 hours as per data from CoinMarketCap. Moreover, the trading volume is up 46.39%.&nbsp;</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/2023/12/ETH_1M_graph_coinmarketcap.png" alt="" class="wp-image-86828" srcset="https://thenewscrypto.com/wp-content/uploads/2023/12/ETH_1M_graph_coinmarketcap.png 630w, https://thenewscrypto.com/wp-content/uploads/2023/12/ETH_1M_graph_coinmarketcap-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 past $2307 then it will rally further to test $2736 resistance level. However, if the momentum shifts and the price goes below $2190 level, then it will decline further to test $2153 support level.</p>

Ethereum Rallies as Crypto Market Witnesses Strong Bullish Momentum

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TheNewsCrypto

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