Ethereum price reclaims 1,900 as ETF inflows rise
By Rony Roy from crypto.news
Ethereum price rose nearly 2% on July 29 as US spot ETF inflows and short liquidations helped ETH defend its rising support structure before the Federal Reserve’s rate decision.
Ethereum price returns above $1,900
According to data from crypto.news, Ethereum (ETH) price was trading near $1,913 at the time of writing, up about 2% over the past 24 hours.
Morgan Stanley ETF adds to institutional demand
The rally coincided with the first trading session for the Morgan Stanley Ethereum Trust, which listed on NYSE Arca under the ticker MSSE.
Short liquidations accelerate Ethereum’s bounce
Derivative positioning added momentum to the recovery.
Ethereum charts point toward $1,970 resistance
A close above $1,940 would clear the first major liquidation zone.
Analysts see $1,800 as the critical floor
Crypto analyst Michaël van de Poppe identified $1,800 as the level Ethereum must preserve for the recovery to continue.
Source : https://crypto.news/ethereum-price-reclaims-1900-as-etf-inflows-rise/
