Ethereum's price has experienced a significant rejection after failing to break above the $2.6K resistance level. This rejection, combined with a "Death Cross" pattern and bearish sentiment, suggests a possible continuation of the downtrend towards the $2.1K support level. On the other hand, Bitcoin ETFs have seen substantial inflows, while Ethereum ETFs have experienced outflows, indicating differing levels of demand and confidence between the two cryptocurrencies. This suggests that Bitcoin is currently the more attractive option for institutional investors.
- Content Editor ( cryptopotato.com )
- 2024-10-10
Ethereum Price Analysis: Bears Eye $2K as ETH Loses Positive Momentum