Ethereum Price Prediction: As Goldman Sachs Boosts ETH ETF Holdings 2,000%, Traders Rush To This Bitcoin Meme ICO
The Ethereum price dropped 3% in the last 24 hours to trade at $2,636 as of 03:29 a.m. EST on trading volume that rose 17% to $20.3 billion. The correction in the ETH price comes even after Goldman Sachs increased its spot Ether exchange-traded fund (ETF) holdings by 2,000% in the fourth quarter of 2024. As a result, the investment bank’s ETF exposure has increased from $22 million to $476 million. BREAKING: THE BIGGEST U.S. BANK GOLDMAN SACHS WITH $2.8 TRILLION JUST BOUGHT $450M IN ETHEREUM ETF. BANKS ARE COMING FOR YOUR ETH pic.twitter.com/IPZ0xPEBek — Ash Crypto (@Ashcryptoreal) February 12, 2025 ETH Price On A Correction The Ethereum price has displayed a classic rounded top pattern, often indicating a bearish reversal. This pattern suggests that buying momentum gradually weakened, leading to a downturn. The ETH price peaked near $4,100 and has since declined significantly, falling below key support levels. Additionally, a previous consolidation phase (...