Ethereum’s price needs to maintain above 1,800 USD after a recent rejection at 1,860 USD. Institutional inflows into Ethereum ETFs reached over 64 million USD, indicating strong market demand.
The total value locked in Ethereum stands at over 51.8 billion USD, reflecting robust on-chain activity. Furthermore, a bullish ‘bull flag’ pattern suggests a price target of 2,100 USD, showing positive market sentiment.
Analysts suggest that ETH must hold around 1,700 USD as a support level to facilitate further gains. Sustained interest from institutional investors is likely to bolster Ethereum’s upward momentum.
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