Goldman Sachs, one of the largest banks in the USA, is adding another new product to its Bitcoin (BTC)-based trading desk, which it has implemented in the past months. The banking giant has announced that it will set up another trading desk covering Ethereum (ETH)-based derivatives in the coming weeks, and it has already rolled up its sleeves for it.
Matthew McDermott, head of Goldman Sachs’ crypto assets unit, said in a statement today on the subject that Ethereum options and futures contracts will be available for trading soon. Speaking to Bloomberg News, the famous name emphasized that despite the volatility in the crypto money market, the interest of institutional investors in cryptocurrencies continues to increase.
On the Ethereum charts, we see that the price is on the rise with Bitcoin. In the short term, the price is attempting to break the 2620 resistance. There are 2765 and 2850 levels above this level. 2850 is observed as the critical formation resistance, so the daily candle close on the bus sink may increase the dominance of the bulls. Until this breakout occurs, we can say that the price is in the consolidation zone. On the downside, the 2520 level is set as the current trend support. Breaking this level can bring a sudden drop to 2390 and 2060 levels. Although the bulls seem dominant in the short term, the consolidation continues.
Resistors: 2620 – 2765 – 2850
Supports: 2520 – 2390 – 2060
Visits: 55
