The post MOONHOP Surpasses Ethereum (ETH) Price Expectations & Solana ETF appeared on BitcoinEthereumNews.com.

MOONHOP’s $935,000 Presale & Referral Program Dazzles Beyond Ethereum and Solana ETF Dreams While the Ethereum (ETH) price expectation continues to be a focal point, with ETH rebounding above $3,000 despite market volatility, the forecast for the Solana ETF indicates a substantial impact, awaiting the SEC’s verdict.  Amidst this, MOONHOP is drawing significant attention with its presale now topping $935,000. As a rising star in the cryptocurrency world, it offers a lucrative ROI and a referral incentive that has piqued the interest of investors, positioning it as an attractive option in the dynamic crypto market. Ethereum’s Price Dynamics and Critical Resistance Points The price expectation for Ethereum (ETH) has recently been tested around the $2,820 support level. Establishing a foundation at this level, ETH has entered a consolidation phase, echoing Bitcoin’s movements. It has now initiated a recovery, overcoming resistance at $2,880 and $2,920.  Currently, Ethereum trades above $3,000 and maintains its position over the 100-hourly Simple Moving Average, also staying above the 23.6% Fib retracement level from the $2,894 low to the $3,072 high. The next targets for Ethereum include tackling the $3,080 and $3,150 resistance levels, potentially climbing to the $3,200 mark. Should it fail at the $3,150 hurdle, ETH might face another downturn, with preliminary support near $3,020 and substantial support at $2,960. Impending Decision on Solana ETF with Market Implications The forecast for the Solana ETF is closely monitoring a definitive deadline for the approval of Spot Solana exchange-traded funds (ETFs) by mid-March next year, following submissions by the Chicago Board Options Exchange (CBOE). On July 8, CBOE filed proposals for the VanEck Solana Trust and the 21Shares Core Solana ETF, comparing these prospective Solana funds to existing Bitcoin and Ether ETFs, and emphasizing Solana’s resilience against price manipulation. This prediction indicates that the SEC’s final…

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Filed under: News - @ July 18, 2024 11:10 pm