Ethereum (ETH) To Smash $2,000 Again, Institutions May Be Loading Up

Friday morning’s Asian trading session has been a fruitful one for Ethereum holders. The price of the world’s second-largest digital asset has reclaimed the $2,000 barrier and is just $50 off, making a new all-time high at the time of press.

Ethereum is in the process of forming its fifth daily green candle, having increased by 4% over the past 24 hours. Weekly gains have been a whopping 26%, outperforming its big brother by a clear margin as BTC gains 16% over the same period.

According to Tradingview, ETH has climbed from $1,915 to top out at $2,005 before dipping back below the $2k level at the time of writing. One anomalous wick dumped prices back to the 50 hour EMA at $1,890, but there was no stopping the upward march.

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