Posted 2/27/2024, 4:46:44 PM
Ethereum Price Hits 10-Month High Above $3,250 As Bullish Momentum Builds
- Ethereum (ETH) price has climbed 3% in 24 hours to over $3,250, a milestone not seen since April 2022
- In the last week, ETH has gained nearly 10%, starting around $2,968 and currently at $3,258
- Technical indicators show ETH is overbought (RSI at 82) but moving averages signal strong bullish momentum short-term
- Broader crypto market sentiment is bullish, with 95 of top 100 coins up in last 24 hours, market cap up $155 billion
- Report shows institutional investors increasingly favoring ETH over BTC, average portfolio now 40% BTC and 40% ETH