The post Short-term forecasts on the price of Ethereum and Bitcoin appeared on BitcoinEthereumNews.com.

While waiting for the SEC’s announcement, various predictions are circulating regarding the price to which Bitcoin and Ethereum might tend in the short term.  The previsioni sul prezzo di Bitcoin e Ethereum The forecasts that are circulating all start from the assumption that today the SEC will announce the approval of the ETF su Ethereum spot. In the case that it should instead announce a rejection, such forecasts would all turn out to be wrong and the crypto markets could react badly. Tuttavia ad oggi sembra davvero improbabile che la SEC opti per una bocciatura, quindi non è un caso che le ipotesi si concentrino tutte sull’approvazione.  What is surprising is that very few people argue that the approval is already priced in and that after the news a simple sell-the-news might occur.  Many indeed are convinced that the current uncertainty has meant that the approval has not yet been fully priced in, also because since it went from unlikely to likely, the price of ETH has only marked a 22% increase, which has not even allowed it to approach the annual highs of two months ago.  There are three main hypotheses circulating.  Predictions on the price of Bitcoin (BTC) and Ethereum (ETH): The three hypotheses La prima ipotesi è che il price of ETH dopo la notizia ufficiale dell’approvazione degli ETF possa tornare sopra i 4.000$.  This is a crucial figure, which since the bear-market of 2022 has been surpassed for only four consecutive days in mid-March 2024.  Furthermore, the annual high of this bull run is set just below $4,100, so at this level, there appears to be a short resistance. It should be noted that those who support this hypothesis generally also claim that after the return to the annual highs, the price of ETH could retrace…

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Filed under: News - @ May 23, 2024 7:20 pm