Start trading of ETH ETF might push Ethereum price up.
Updated
Hi everyone,
After ETH ETF approval Ethereum price increased on over 30% rising from 2800-3000 support area to almost 4000 level. Two months later price came to the same spot from where it started.
Within couple weeks actual trading of those ETH ETF should start and this once again bullish news that can push Ethereum price to 4000 level. Only time will tell if it happens or not but at least in the first days price should rise significantly.
As always Ethereum price heavily depends on Bitcoin price action and if it goes down then start trading of ETH ETF won't help ETH price to rise.
So far Ethereum price recovers better than BTC price but if Bitcoin resumes downtrend movement then ETH will follow.
At the moment it's important for ETH price rise to 3650 level as it's first strong resistance and if BTC price rises above 60k then this will be very possible task for Ethereum.
Please, do not forget to boost this idea & share it with your friends; thanks.
After ETH ETF approval Ethereum price increased on over 30% rising from 2800-3000 support area to almost 4000 level. Two months later price came to the same spot from where it started.
Within couple weeks actual trading of those ETH ETF should start and this once again bullish news that can push Ethereum price to 4000 level. Only time will tell if it happens or not but at least in the first days price should rise significantly.
As always Ethereum price heavily depends on Bitcoin price action and if it goes down then start trading of ETH ETF won't help ETH price to rise.
So far Ethereum price recovers better than BTC price but if Bitcoin resumes downtrend movement then ETH will follow.
At the moment it's important for ETH price rise to 3650 level as it's first strong resistance and if BTC price rises above 60k then this will be very possible task for Ethereum.
Please, do not forget to boost this idea & share it with your friends; thanks.
Note
Ethereum price almost reached 3500 level and it's likely that on next week ETH-ETF trading will start.There is good chances that we'll see ETH at 4k within a week.
Let's see how it goes.
Note
It's confirmed that ETH-ETF will start trading on 23rd July.There could be high volatility on that date.
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