Positive newsflow, a change in investor sentiment and steady ETH ETF buying could help Ether rally above $2,700.
Key point:
Ether aims to establish a new trend, but bulls need to secure a daily close above $2,635 first.
Ether’s (ETH) price has been in a range for several days, but institutional investors seem to be silently accumulating. Ether exchange-traded products (ETPs) recorded $225 million in inflows for the trading week ended Friday, according to CoinShares data. It was the 11th successive week of inflows into Ether ETPs.
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