Ethereum shows signs of support around $1,920-$1,965 with significant ETH accumulation. Despite rejection at $2,000, sideways trading persists between $1,742 and $2,148. Positive inflows into Ethereum ETPs, with nearly $117 million added last week, suggest potential for bullish momentum. Analysis of key support and resistance levels are discussed.
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U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.According to Maartunn, 67,000 ETH worth nearly $129.3 million were accumulated just slightly below Ethereum's current price between $1,920 and $1,965, hinting at key support. XRP Vampirized by Leverage-Driven Pump; Bitcoin Extends 18% Gains vs. Silver; Binance Lists 5 Major Pairs, Litecoin and Zcash Too: Morning Crypto ReportETH got rejected from the $2,000 level on Tuesday. Ethereum reached a high of $2,041 on Tuesday, previously hitting $2,089 the previous day.broadly remained in sideways trading between $1,742 and $2,148 since the start of February, indicating a tough battle between the bulls and the bears. Buyers might need to close above $2,148, which is the resistance of the current range, to gain control. If this is done, Ethereum may rally to the 50-day SMA at $2,427 and, after that, to $3,045.On the other hand, if the Ethereum price turns down from current levels, it might indicate that sideways trading may continue further. The bears might return to the driver’s seat on a close below $1,742, which clears the path for a drop to $1,537.According to the most recent CoinShares report, crypto exchange-traded products pulled in $1.1 billion worth of funds last week, offsetting substantial losses in the weeks before. Ethereum funds added nearly $117 million last week, the largest since mid-January. Before the prior week, crypto funds erased $4 billion over the past five weeks, according to CoinShares. There still remain signs on the market that institutional investors have not lost interest in adding crypto exposure with the recent inflows. New report reveals 90.6% of executives now prioritize financial inclusion while Southeast Asia emerges as the region’s top expansion target Why AurumX Is Building the AUR Public Chain: From “Performance Competition” to “Financial Structure Competition”
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