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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.

Daily price chart for Ethereum/USD. Source: TradingView.com
Ethereum Futures daily price chart. Source: TradingView.com
ETH/USD weekly price chart featuring its latest accumulation range. Source: PostXBT, TradingView.com