Ethereum ETFs Aiming For A Mid-July Launch, Can ETH Rally To $4000?
The post Ethereum ETFs Aiming For A Mid-July Launch, Can ETH Rally To $4000? appeared on BitcoinEthereumNews.com.
On Sunday, June 30th, the Ethereum (ETH) price exhibited a bullish spike and gained a 5% jump to the $3,500 resistance level. However, gains failed to sustain as it declined below the $3,435 mark. This dynamic trendline resistance has been a recurring challenge since June 7th, when it failed to reach the $4,000 level. ETH 1.D. price chart | Source: TradingView On July 1st, 2024, Ethereum confirmed this bullish phase was short-lived as the price fell after it shook off from the 50-day EMA hurdle. On July 2nd and 3rd, the ETH price followed the decline up to $3333. At the time of writing, ETH’s price continues to struggle at the support zone at $3250, where it last traded at $3363.10 with an intraday decline of 1.57%. Analysts are optimistic about the $4000 mark from the current price, which would be nearly 20% on the daily chart. In this article, you will find out when the exchange-traded funds (ETFs) will be live and the possibility of ETH reaching the $4000 mark. Here’s When Ethereum ETFs Are Going to Be Launched! Multiple industry analysts are optimistic that the SEC would give a green flag for the first US ETFs, and they believe that Ethereum ETFs could be launched by mid-July. Wen spot eth ETF? BBG sticking w/ mid-July. Amended S-1s due July 8th. Potential final S-1s by July 12th. Would theoretically mean launch week of July 15th. via @emily_graffeo @olgakharif pic.twitter.com/NG8xhtCP21 — Nate Geraci (@NateGeraci) July 3, 2024 A recent Tweet by Nate Geraci, president of The ETF Store, clarified how ETH ETF proceedings could go. He stated that the potential final approval of S-1s forms is expected to happen by July 12th, 2024. Earlier, the SEC had instructed Ether ETF applicants to submit the amended S-1s by July 8th. As…
Filed under: News - @ July 3, 2024 5:18 pm