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Ethereum price gets back to $3K as institutional investors pile into ETH futures

Ethereum price gets back to $3K as institutional investors pile into ETH futures | COSS Exchange

Ethereum price gets back to $3K as institutional investors pile into ETH futuresEthereum'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:COIN).The ETH/USD exchange rate rose 3.63% to hit an intraday high of $3,030. The upside move amounted to a 14.3% upside retracement from the pair's week-to-date low at $2,651, showing that traders attempted to retain their bullish bias despite potential headwinds ahead.ETH/USD daily price chart. Source: TradingView.comEthereum Futures daily price chart. Source: TradingView.comETH/USD weekly price chart featuring its latest accumulation range. Source: PostXBT, TradingView.com

 

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