ETHEREUM POISED FOR 20% RALLY FOLLOWING BUYING PRESSURE FROM ETF INVESTORS BUT FACES KEY TRENDLINE HURDLE
- Ethereum ETFs boosted the crypto ETF landscape after recording a net inflow of $155 million last week.
- ICO-era Ethereum wallet transfers an additional 5K ETH to OKX, extending his potential sale to $154 million.
- Ethereum could rally by 20% but faces key trendline hurdle amid retest of crucial resistance level.
Ethereum (ETH) is up 1% on Monday and is looking set for a 20% rally following buying momentum from traditional investors across ETH ETFs. However, it faces potential bearish pressure from a likely dump by an old whale and resistance around a key trendline.
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