Ethereum has seen inflows into its spot markets for the first time in 10 days, indicating a renewed investor confidence ahead of the White House Crypto Summit on March 7. The altcoin's price has increased by 4% in the past 24 hours and may continue to rise in the short term due to growing bullish pressure in the market. In addition, Ethereum's open interest has increased by 4% to $20 billion, indicating increased trading activity and capital inflows into its futures market. The coin's Moving Average Convergence Divergence (MACD) suggests a potential bullish crossover, signaling further price rallies. If demand continues to grow, Ethereum's price could reach $2,361, but a correction could cause it to drop below $2,000 to $1,990.



Other News from Today