falling at $ 2,543 in mid-December over $ 4,000. Despite this downward trend, ETH shows signs of volatility, indicating a possible escape from the corner pattern that could reverse his fortune. Analysts highlight the bullish momentum, which could help ETH go beyond critical resistance levels.
Crypto expert, Ted Pillows, believes that Ethereum has entered an upward extension phase, providing for a rally in February which could propel the ETH over $ 4,000 and potentially set new peaks of all time in March.
Ethereum News today shows that institutional interest is also increasing. Blackrock would have bought 24,529 ETH, valued at around $ 83.24 million, reporting growing confidence in the long -term prospects of Ethereum.
More Ethereum News indicates today that the markets of the ETH point and derivatives have continued to feel a robust commercial activity. The cash trading volume increased by 70.92% to 54.35 billion dollars and open interest increased by 1.73%, which indicates a collection of market participation.
The Ethereum spot entries amounted to $ 80.35 million on Friday, with a demand for investors still impressive despite the price consolidation. When they are seen through all technical graphs, institutional support for money entries and the increase in the volume of negotiation, many are enthusiastic that ETH will benefit from a robust movement up in February.