Supporting 2600 dollars guaranteed and supercar

Ethereum Price recorded the third daily profit in a row on Tuesday, when it received the support level of $ 2600. Ethusd increased by 1.4 %, circulating at $ 2645 to this writing. The move raised the weekly gains to 3 %, amid strong performance in the ETF market. ETH has challenged a broader shrinkage in the market in recent days, as it remained in the upscale path amid a rise in the risk of the uncertainty in renewing the collective tariff.

Eth outperforms Bitcoin

Altcoin has overwhelmed Belweether in the market, Bitcoin in the ETF market in recent days, and building strong upward up in this process. Although the BTC Spot investment funds are in a series of three consecutive negative flows, the Eth Spot Etfs in a series of twelve sessions. While Eth +78.2 million dollars, +70.2 million dollars and +91.90 million dollars in the last three sessions, reached Bitcoin -267.5 million dollars, -616.10 million dollars and 346.8 million dollars in the same period. As is the case, the founding investors tend to continue investing in ETH.

Meanwhile, ETHEREUM’s open interest increased by 6.7 % in the past 24 hours, reaching $ 66.2 billion. In addition, the trading volume in the currency increased by 25 % during that time, hinting the investor’s high confidence in the performance of the currency, preferring continuous gains according to the ETHEREUM price. Looking at the future, the price of the ETH on the upward path will remain in the near term if it remains above 2,600 dollars for the psychological support mark.

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Predicting ETHEREUM price

The momentum on the price of ETHEREUM calls for more bullish direction more than $ 2,600. The currency is likely to meet the first barrier at $ 2,670. The breaking of this level will indicate a stronger momentum that can extend the gains to test $ 2,740.

Instead, the ETH price may collapse to less than 2600 dollars and invite sellers to control. This first support is likely to witness $ 2542. The bullish narration will be invalid if the procedure ends down this level. In addition, the controlled control by sellers can send the price to less to test $ 2,466.