Ethereum (ETH) is up 0.4% on Friday as ETH ETFs record another day of mild inflows.
Ethereum 's recent decline could alter predictions of ETFssending ETH to an all-time high of around $5,000. ETH options worth $560 million expired on Friday amid market crash. Ethereum could reclaim key support level as technical indicators suggest bearish momentum is weakening. Ethereum is up 0.4% on Friday as ETH ETFs record another day of mild inflows. The recent market crash could also alter earlier predictions of the ETFs, boosting ETH to a new all-time around $5,000.
A successful leg-up would see ETH aim for the $3,368 resistance, especially with a potential illiquid weekend and bulls returning to the market. This would also see ETH reclaiming the $2,800 key support that withstood bearish pressure for nearly six months before the recent market crash. On the downside, ETH could follow a trendline to reach a swing low around the $2,000 psychological level in the coming weeks before rebounding.
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