The cryptocurrency market is largely in the hands of the bulls who intend to hold the reins for the rest of Q4 2023. Ethereum price has not been left behind, especially with last week’s breakout to $2,130. The largest smart contract token rolled down the runway after holding the threshold between $1,800 and $1,900 for some time.
Investors turned their attention to Ethereum after news broke that BlackRock had made the first step toward filing for an ETH spot exchange-traded fund (ETF) with the Securities and Exchange Commission (SEC).
Although the news directly impacted Ethereum price, other cryptos broke out too, including Bitcoin, which hit a new year-to-date high of $38,000.
Ethereum price although bullish had corrected to trade at $2,052 at the time of writing, on Monday during the US business hours. A higher support, preferably at $2,000 would go a long way to help sustain the uptrend, but for now, let’s dive into the burgeoning Ethereum assets under management (AUM).
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We współpracy z: https://coingape.com/markets/ethereum-price-rally-gaining-momentum-as-institutional-investors-flock-to-eth-increasing-aum/
