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Ethereum Price Poised for Breakout Above $2,000 as Institutional Interest Grows

July 3 (Cointime) - Ethereum's price has increased by 1.6% to reach $1,945, following a rise in interest from institutional and retail investors. The cryptocurrency has a market cap of $234 billion and a trading volume of approximately $8 billion in the last 24 hours.

Meanwhile, Bitcoin's price has gained 0.5% and is currently trading at $30,660, with analysts predicting a potential breakout to $35,000 and $38,000 once resistance between $31,000 and $32,000 is overcome.

Two indicators, the Moving Average Convergence Divergence (MACD) and SuperTrend, suggest a bullish outlook for Ethereum's price, with a potential breakout above $2,000 expected in the near future.

Bitcoin Bitcoin $94,782.66
-2.35%
Ethereum
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