Ethereum (ETH) edges up slightly on Friday, adding to 6.5% gains so far this week after surpassing key resistance levels on Monday, bolstered by a net positive inflow of over $79 million through Thursday.
Ethereum price today: $2,600 Ethereum price broadly consolidates but the upside bias persists after breaking above its 50-day EMA at $2,544. US spot Ethereum ETF s records a net inflow of $79.9 million this week until Thursday. Ethereum co-founder Vitalik Buterin said he wants the platform to process 100,000 transactions per second. Ethereum edges up slightly on Friday, adding to 6.
However, the current Relative Strength Index of 61, coupled with the convergence of higher lows in the RSI, suggests that any forthcoming corrections could be mild, favoring long positions as traders await a rebound to confirm new highs and higher lows. Ethereum Open Interest and RSI chart. Source: CryptoQuant Ethereum Price Forecast: Will ETH reach $2,800? Ethereum price broke above the daily resistance level at $2,461 and rallied 6.
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