Ethereum

Coin

<ul class="news-points">
 <li>U.S. spot Ethereum ETFs see first positive inflows since launch.</li>
 <li>Grayscale’s Ethereum Trust experiences continued outflows.</li>
 <li>Analysts predict Ethereum price increase following ETF inflows.</li>
</ul>
Ethereum is demonstrating resilience amidst the broader cryptocurrency market downturn. One week after the ETF launch, it maintains stability even as selling pressure intensifies. The immediate support zone currently lies between the $3,000 to $3,300 range, with buyers confident in a positive trend.
If buying pressure increases, it could propel the price above $3,500, leading to further expansion. This increased market expansion could trigger a rally toward the $4,100 mark, potentially reaching new all-time highs (ATH).
Despite heightened selling pressure, Ethereum remains above the $3,300 mark, currently trading at $3,316 per <a href="https://coinmarketcap.com/currencies/ethereum/" target="_blank" rel="noopener noreferrer nofollow">CoinMarketCap data</a>. If the price trend mirrors the bear bars of July 24 and 25, aggressive sellers may continue to liquidate positions. However, low-risk traders may target the $3,500 entry point. A high-volume close above this entry point will trigger increased demand, potentially initiating a bull run as the price crosses $3,700.
Meanwhile, U.S…
The post <a href="https://coinedition.com/ethereum-etfs-attract-inflows-bucking-grayscales-outflow-trend/" rel="noopener noreferrer nofollow">Ethereum ETFs Attract Inflows, Bucking Grayscale’s Outflow Trend</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

Ethereum ETFs Attract Inflows, Bucking Grayscale’s Outflow Trend

Coin Edition

Andre artikler publisert på 31. juli 2024

Solana Gains Momentum in Crypto Market

Registration Now Open for Gate.io WCTC S6 Competition, Offers Up To $5 Million in Prizes

Crypto Bull Run 2024: Analyzing Market Trends and Investor Opportunities

M2 Allows UAE Residents to Trade Bitcoin and Ethereum Using Bank Accounts

Analysing Toncoin’s Recent Surge: Implications for the Best Crypto Coin Presale

Unveiling the Phenomenon: Growth of Pox Coin Surges Threefold in Just 39 Days

Bli med på vårt gratis nyhetsbrev for daglige kryptooppdateringer!