Ethereum Price Prediction: Can ETH Reach $2,050 After Morgan Stanley Lists Its New ETP?
- Whales moved 226,435 ETH worth $430M in 24 hours as Ali Charts flagged $1,733 as the level that decides the bullish outlook
- Morgan Stanley listed ETH and SOL ETPs on NYSE Arca at 0.14%, the first wirehouse to offer all three major networks through a standard brokerage account
- Analyst Merlijn called the June breakdown to $1,520 a shakeout, not a reversal, with a weekly close below $1,550 as the only invalidation
Ethereum trades at $1,898.91 on July 29, down 1.09%, pulling back from its intraday high of $1,926.52 after Morgan Stanley launched regulated ETH exposure products and whales redistributed $430M worth of the token in a single session.
ETH Is Holding Between The 0.382 Fibonacci And The Descending Trendline
ETH at $1,898 is sitting in a tight zone. The 0.382 Fibonacci at $1,837 holds as support below. The descend…
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