Crypto Analyst Says ETH Price Will Reach $4,000 As Spot Ethereum ETFs Trading Draws Closer
The post Crypto Analyst Says ETH Price Will Reach $4,000 As Spot Ethereum ETFs Trading Draws Closer appeared on BitcoinEthereumNews.com.
A crypto analyst has predicted that the ETH price will reach $4,000 as the launch of Spot Ethereum ETFs trading draws near. Sharing a similar sentiment, other crypto experts foresee a massive bullish surge in the value of ETFSwap (ETFS), a decentralized exchange which provides access to tokenized crypto ETFs. Analyst Targets $4,000 ETH Price On Spot Ethereum ETFs Expectations Over the past few months, Ethereum (ETH) has been on a downtrend, experiencing declines amidst selling pressures and broader market volatility. RLinda, a crypto analyst on TradingView has revealed that Ethereum is finally ending its sell-off phase and gearing towards an uptrend that could push its price to $4,000. RLinda disclosed that the market is primarily focused on the outcome of Spot Ethereum ETFs. The crypto analyst revealed that market sentiment concerning the ETH pricewas positive as rumors of Spot Ethereum ETFs spread. However, now the most important milestone for a possible rebound for the ETH price was the potential launch of Spot Ethereum ETFs. Earlier in June, the United States Securities and Exchange Commission (SEC) disclosed that Spot Ethereum ETFs may launch this summer. Going by the SEC’s statement, RLinda predicts that Spot Ethereum ETFs may come in one to two weeks. The crypto analyst has revealed that considering the positive situation surrounding Spot Ethereum ETFs, the ETH price could witness a break out to $3,200. After which, the price of the ETH price is set to gain more strength, signaling a possible further rise from its current price of $3,346 to between $4,000 and $4,800. ETFSwap (ETFS) Gains Investors Favor With Spot Ethereum ETFs On The Horizon Amid bullish predictions for the ETH price ahead of Spot Ethereum ETFs trading launch, ETFSwap (ETFS), a tokenized crypto ETF trading platform, is also expected to experience a significant surge to…
Filed under: News - @ July 19, 2024 4:18 am