In accordance with Cryptofrontnews, Ethereum remained confined within the $2,600–$3,000 range as traders and analysts monitored key price levels for potential breakout signals. Institutional buying continued, with Bitmine Immersion Technologies adding 14,618 ETH worth $44.34 million from a BitGo hot wallet, increasing its holdings to 3.6 million ETH, or 3% of the total supply. Analysts noted that a confirmed move above $3,000 could target $3.3K–$3.4K, while a drop below $2,600 may push the price toward the low $2Ks. On-chain data also showed increased ETH accumulation during rising ETF inflows at BlackRock and Fidelity.
Ethereum Remains in $2.6K–$3K Range Amid Institutional Buying and ETF Inflows
CryptofrontnewsShare
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.