Ethereum is trading at approximately 2,064.80 USD, showing a slight decline of 0.10%. The price hovering near the realized level indicates a potential recovery phase, yet resistance at 2,300 USD poses a significant challenge.
Institutional participation is on the rise, evident from BlackRock’s holdings. However, increased exchange reserves might indicate forthcoming selling pressure, signaling traders to remain cautious as the market navigates these dynamics.
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