The article discusses the recent price movement of Bitcoin and Ethereum and analyzes the potential for a bounce back in Ethereum. It highlights the rising demand for Ethereum at the institutional level and the positive inflow of funds into Ethereum spot ETFs. Technical indicators suggest a bullish trend for Ethereum, and major players like BlackRock and Donald Trump's World Liberty Financial continue to accumulate Ethereum. The article concludes that Ethereum could see a triangle breakout rally, with a potential price target of $3,428, but cautions that the local support trendline and the $2,500 level are crucial support levels for Ethereum.



Other News from Today