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Coin Telegraph

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ETH news update: Will Ether ETF buying help bulls secure close above $2.7K?

  • Ether's price has been ranging, with bulls aiming for a daily close above $2,635 to establish a new trend.
  • Institutional investors are accumulating Ether through ETPs, with $225 million in inflows recorded for the trading week.
  • The ETH/USDT charts indicate a positive sentiment, with the need for a push above $2,635 to target $2,738 resistance.
  • A symmetrical triangle pattern on the four-hour chart suggests a potential surge to $2,751 on a bullish breakout or a drop to $2,364 on a bearish breakdown.

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