The post Is Ethereum Ready to Bounce Back? ADA Drop Could Indicate Pump For Popular $0.07 Altcoin appeared on BitcoinEthereumNews.com.

Although the cryptocurrency market is as volatile as ever, the focus lies on the two energetic tokens— Ethereum (ETH) and Cardano (ADA). On the other hand, they have both experienced exponential growth in past cycles, but there are questions surrounding the future outlook for the Cardano and Ethereum prices. In this climate of uncertainty, a new player has risen on the scene. Can ETH ETFs Help the Ethereum Price Bounce Back? As a market mover, the Ethereum price is no stranger to market volatility. At the time of writing, ETH is trading at $3,456, which is still a far cry from ETH’s ATH of $4,878 in November of 2021. As with any market, the performance of the Ethereum price has been influenced by the macro and away from investor sentiment. On the downside, its recent ETH ETF inflows helped the price rebound. ETH ETFs are actively trading as of January 2, 2025, allowing investors to gain regulated exposure to Ethereum price movements. ETH continued to get inflows during the final quarter of 2024. At the beginning of 2025, the ETH ETFs saw inflows — a sharp reversal from the outflow seen on December 30. This is a change that exhibits growing confidence on behalf of the crypto market for the Ethereum price. The approval and trading of ETH ETFs are ultimately great feats for Ethereum and the wider cryptocurrency ecosystem as it brings more opportunity for investors to be able to buy and sell Ethereum in a regulated manner. Yet, the market is still somewhat volatile, and investors should stay up to date regarding what influences the Ethereum price performance and latest ETH ETF news. Cardano’s ADA: Down 30% on Monthly Charts A bearish sentiment has been consistently hampering Cardano’s ADA. Its price has dropped more than 30% over the…

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Filed under: News - @ January 4, 2025 7:17 am