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ETHUSD (Ethereum) – Week 20 – Between 2 important areas for BITSTAMP:ETHUSD by financialflagship

The institutional crypto investment fund for the second-largest cryptocurrency, Grayscale Ethereum Trust (ETHE), registered a negative 14.3 percent premium, touching its lowest after listing. American television host Steve Harvey is the latest celebrity to launch his collection of non-fungible tokens on Ethereum-based platform Rarible. The 64-year-old comedian announced his drop Friday, claiming that proceeds from sales will support the Steve and Marjorie Harvey Foundation.

Head of Institutional Coverage at crypto trading platform FalconX Aya Kantorovich has said Ethereum is the next ideal destination for institutional investors once they have finished with bitcoin .

Technically, we see Ethereum reaching the support area of $3500 USD. Although we don’t exclude a move higher, for us to be confident in the next bullish move, we have to see the price breaking the resistance area marked on the chart.

Trade with care.

Best regards,

Financial Flagship

Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.

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