Ethereum (ETH) is beginning to show signs of recovery on Thursday despite a second consecutive day of poor performance in Hong Kong's spot Ethereum ETFs.
Ethereum would likely sustain trading inside key range despite recent sharp movements outside it. Hong Kong spot Bitcoin and Ethereum ETFs recorded a second day of very low trading volume on Thursday. Bloomberg analyst James Seyffart doesn't see spot Ethereum ETFs happening until 2025. Ethereum is beginning to show signs of recovery on Thursday despite a second consecutive day of poor performance in Hong Kong's spot Ethereum ETFs.
ETH technical analysis: Ethereum to rise within key range After the recent downturn that saw its price reaching $2,816 on Wednesday, Ethereum is looking likely to recover earlier losses as it's currently trading close to $3,000. While many have turned bearish following recent price movements, ETH may not sustain any decline outside the $2,852 to $3,300 range for too long.
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