The post ETH Price Faces Pullback Before $10K Amid SEC ETF Approval appeared on BitcoinEthereumNews.com.

Ethereum price continues to spark debate as cycle theories and regulatory approvals shape its path. According to analyst Ted Pillows, the market is unfolding within a recognizable structure defined by optimism, correction, and eventual euphoria. His chart illustrates phases of belief and thrill, suggesting both near-term weakness and long-term potential highs.  Ethereum Price Action Follows Cycle Roadmap The current ETH market price trades at $4,149, reflecting a consolidation period after recent strength. Ted Pillows highlights that a corrective phase could push ETH price toward the $3,600–$3,800 range before recovering.  Specifically, this level aligns with prior support zones and fits the psychology of market cycles where optimism gives way to disbelief. Notably, his chart then projects Ethereum advancing into stages of belief and thrill, with targets nearing $10,000.  Meanwhile, this long-term ETH price forecast suggests that temporary setbacks remain part of a healthier uptrend. Importantly, any decisive break below $3,600 could trigger extended consolidation, delaying recovery.  However, higher lows since 2023 provide structural reinforcement, making deeper declines less likely. Therefore, the technical path reflects both immediate caution and eventual bullish conviction. Ultimately, the roadmap points to Ethereum price positioning for a cycle-defining breakout despite short-term volatility. ETH/USDT 10-Chart (Source: X/Ted) SEC Ethereum ETF Approval Reinforces Institutional Legitimacy The SEC’s decision to approve Grayscale’s Ethereum ETFs under generic listing standards marks a turning point. By moving the Trust and Mini Trust ETFs under Rule 8.201-E, the SEC removed the need for repeated approvals.  Specifically, this creates efficiency for issuers and offers consistency for institutional participants. Notably, the rule shift brings Ethereum ETFs into the same category as commodity-based trust shares, increasing regulatory alignment.  Importantly, this streamlining allows Ethereum products to trade with fewer barriers, reinforcing mainstream accessibility. The decision therefore signals confidence in Ethereum’s role within regulated markets.  By eliminating bottlenecks, institutions…

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Filed under: News - @ September 24, 2025 8:28 am