Ethereum price gets back to $3K as institutional investors pile into ETH futures By Cointelegraph
Posted onAuthorMike RobinsonComments Off on Ethereum price gets back to $3K as institutional investors pile into ETH futures By Cointelegraph
Ethereum price gets back to $3K as institutional investors pile into ETH futures
‘s native token Ether (ETH) staged a rebound on Sept. 26 following a massive decline earlier this week that saw its prices plunging to as low as $2,651 on Coinbase (NASDAQ:).
The exchange rate rose 3.63% to hit an intraday high of $3,030. This upside movement was 14.3% higher than the weekly low of $2,651 and shows that traders tried to maintain their bullish bias in spite of potential headwinds.
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Mike covers the financial, utilities and biotechnology sectors for Street Register. He has been writing about investment and personal finance topics for almost 12 years. Mike has an MBA in Finance from Wake Forest University.