Ethereum Price Poised for Rebound as Institutional Interest Hits Record High
coingape.com 28 July 2024 15:50, UTC
The cryptocurrency market witnessed a sluggish trend over the weekend. The leading digital assets Bitcoin (BTC) and Ethereum (ETH) show neutral candle formation on the daily chart indicating no dominance from buyers to sellers. The potential for rebound leans high toward ETH after the recently launched U.S-listed ETFs (Exchange-Traded Funds). The Ethereum price at 200D EMA seeks support to bottom its ongoing correction.