Ethereum Price Forecast: ETH struggles below $2,500 amid State of Michigan pension fund investment in ETH ETF

  • 📰 FXStreetNews
  • ⏱ Reading Time:
  • 24 sec. here
  • 4 min. at publisher
  • 📊 Quality Score:
  • News: 20%
  • Publisher: 72%

Ethereum أخبار

Cryptocurrencies,Technical Analysis

Ethereum (ETH) is trading near $2,420, down about 1% on Monday, but could bounce off a key descending trendline close to the $2,258 historically high demand zone.

Ethereum price today: $2,420 Ethereum sees higher allocation than Bitcoin in State of Michigan Retirement System portfolio following the fund's $11 million ETH ETF holdings. Despite the investment, ETH ETFs continue to underperform BTC ETFs as the top altcoin's market dominance plunges further. Ethereum could find support around a key descending trendline and its major demand zone near $2,258.

45 million and $12.09 million, respectively. ETH could find support near a descending trendline extending from May 27. This trendline is also near the $2,258 support level, which is historically a major demand zone for ETH. Hence, the top altcoin could bounce off this level if prices decline toward it. ETH/USDT daily chart The Relative Strength Index and Awesome Oscillator momentum indicators are below their mid-levels, indicating prevailing bearish pressure.

لقد قمنا بتلخيص هذا الخبر حتى تتمكن من قراءته بسرعة. إذا كنت مهتمًا بالأخبار، يمكنك قراءة النص الكامل هنا. اقرأ أكثر:

 /  🏆 14. in EG
 

شكرًا لك على تعليقك. سيتم نشر تعليقك بعد مراجعته.

مصر أحدث الأخبار, مصر عناوين

Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.

Ethereum Price Forecast: ETH futures market seems overheatedEthereum (ETH) declines for a second consecutive day on Tuesday after facing rejection around the $2,700 level the previous day.
مصدر: FXStreetNews - 🏆 14. / 72 اقرأ أكثر »