Ethereum (ETH) rose above $2,400 before falling below $2,300 amid renewed institutional interest. Several analysts expect a bullish move toward $3,000 and beyond, citing ETH’s rising lows and intact technical structure. Spot ETH ETFs recorded more than $50 million in net inflows, their strongest daily figure since September. Ali Martinez believes ETH could rebound to $2,500 and then target $2,700 if buying pressure persists. However, the relative strength index stands near 72, indicating potential overbought conditions and supporting the case for a short-term correction.
Source: Read the original article
Disclaimer: this content is for information purposes only and is not financial advice. Cryptocurrencies are highly volatile: you may lose all of your capital. Always do your own research. Legal notice
