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.
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Source: FXStreetNews - 🏆 14. / 72 Read more »