Peter Schiff’s Bearish Prediction Economist Peter Schiff, a known crypto skeptic, predicts a sharp drop for Ethereum (ETH), down to a mere $1,500. This forecast comes as ETH struggles below $3,000, a significant decline from its March peak. Market Response to ETF Rumors Schiff believes the market’s reaction to rumors of an Ethereum ETF has…
Critical Moment for Ethereum Ethereum (ETH) has taken a hit lately, dropping 9% to around $3,130. Analysts are watching closely to see if it can hold steady or if it’s headed for a bigger drop. Hold or Drop? Analyst Inspo Crypto says the next few hours are crucial. If ETH can’t bounce back above $3,170,…
Ethereum (ETH) is taking a nosedive, rapidly approaching the critical support level of $3,051. This sharp decline signals increasing selling pressure and bearish sentiment in the market. Technical Indicators Paint a Bleak Picture A technical analysis of ETH’s price action shows a bearish trend: ETH is trading below its 100-day Simple Moving Average (SMA). The…
The crypto world is buzzing with anticipation as experts predict the approval of a spot Ethereum ETF in the US by mid-July. This could trigger a significant price surge for ETH. Timeline for ETF Launch Nate Geraci, president of The ETF Store, predicts a mid-July launch for the first spot Ethereum ETF. The SEC has…
Ethereum’s (ETH) price has taken a hit after briefly reaching $3,500 on Monday. It’s now back down to $3,400. ETF Approval Delay The delay in approval for Ethereum ETFs has been pushed back to July 8. The SEC is requesting revised filings from issuers. Revised Filings The SEC is taking extra time to review and…
Despite Ethereum’s recent struggles, experts believe it’s poised for a breakout. The $7,500 Prediction Based on historical data and market patterns, experts predict Ethereum could reach $7,500. This prediction is supported by the emergence of a Fibonacci extension level similar to the one seen in early 2021, which signaled a major rise for Ethereum. Bullish…
Ethereum’s Long-Term Potential Crypto trader Duncan believes Ethereum (ETH) has significant long-term potential, even after its recent decline below $3,400. He cites the upcoming Spot Ethereum ETFs as a potential catalyst for a major rally. Spot Ethereum ETFs: A Game-Changer Duncan believes the Spot Ethereum ETFs will be a huge success due to: Asset managers…
Ethereum ETFs on the Horizon The US Securities and Exchange Commission (SEC) is expected to approve the first spot Ethereum ETFs by July 4th. Industry experts believe this could lead to a significant price increase for Ethereum. Cautious Optimism While the launch of Bitcoin ETFs was a major success, experts predict that Ethereum ETFs may…
Whales’ Behavior on BitMEX A recent analysis has revealed a pattern in the Ethereum exchange reserve on BitMEX. When the reserve increases, it suggests investors are depositing ETH for potential selling, which could be bearish for the price. Conversely, a decline in the reserve indicates investors are withdrawing ETH for long-term holding, which could be…
Spot Ethereum ETFs to Attract Massive Investments Bitwise’s Chief Investment Officer (CIO), Matt Hougan, predicts that Spot Ethereum ETFs could receive $15 billion in net inflows within their first 18 months of trading. Basis for the Estimate Hougan’s estimate is based on the following factors: Market Capitalization: He expects investors to allocate funds to Ethereum…
