The post Spot Ethereum ETFs Approval To Push ETH Price Further, How High Can It Go? appeared on BitcoinEthereumNews.com.

DISCLAIMER: This article is a SPONSORED Press Release and does not constitute Finbold’s editorial content. Crypto assets/products involve significant risks. Do not invest unless you are prepared to lose your entire investment. For a full disclaimer, please . The Spot Ethereum ETFs are expected to begin trading soon enough based on predictions made by market experts. These Spot Ethereum ETFs are expected to push the ETH price to new highs when they launch. ETFSwap (ETFS) will also benefit from the launch of these funds, given its role in the crypto ETF revolution.  Spot Ethereum ETFS To Spark A Rally For ETH Price The Spot Ethereum ETFs are expected to spark a rally for the ETH price, with the second-largest crypto set to reach new highs. ETH price has already reclaimed the crucial support of $3,000 and looks primed for a significant rally. Specifically, the inflows that the Spot Ethereum ETFs will record are projected to spark this rally for the ETH price.  Market intelligence platform IntoTheBlock also highlighted the impact these Spot Ethereum ETFs could have on ETH price while noting that Ethereum faces significant resistance around $3,200. This resistance is expected from the two million addresses currently at a loss that could sell their tokens to break even once the ETH price reclaims $3,200. However, IntoTheBlock added that bullish news like the launch of the Spot Ethereum ETFs could prevent such a wave of sell-offs and act as the catalyst for further gains for the ETH price.  Spot Ethereum ETFs Launch Is Bullish For ETFSwap (ETFS) The imminent launch of the Spot Ethereum ETFs is bullish for ETFSwap (ETFS) because of the increased demand the crypto token will enjoy when these funds begin trading. ETFS is the native token of ETFSwap, a decentralized investment platform that tokenizes exchange-traded funds…

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Filed under: News - @ July 15, 2024 8:14 pm