menu
techminis

A naukri.com initiative

google-web-stories
source image

Bitcoinist

1M

read

206

img
dot

Image Credit: Bitcoinist

Ethereum Gearing Up For A Short-Term Surge To $3,100 Amid Growing Institutional Adoption

  • Ethereum is anticipated to experience a short-term surge to $3,100 fueled by a potential rebound and growing institutional adoption.
  • Technician Ted Pillows predicts a pump in the short term, leading to a shift in Ethereum's price trajectory and targeting a price range of $3,100 to $3,300.
  • Big investors are accumulating Ethereum, particularly through Spot ETH Exchange-Traded Funds (ETFs), reflecting increased institutional confidence and demand for regulated exposure to the asset.
  • The TD Sequential indicator and Ascending Channel formation also indicate a potential rally, with past instances of a buy signal resulting in significant price rebounds.

Read Full Article

like

12 Likes

For uninterrupted reading, download the app