Forget $10,000, Crypto Analyst Says Spot Ethereum ETFs Will Drive ETH To $14,000
The long-awaited Ethereum ETFs have finally hit the market, marking a significant milestone for Ethereum and other altcoins. Industry experts and enthusiasts are looking at how the effects could play out on Ethereum’s price action in the coming months. Renowned crypto analyst Doctor Profit has made a bold prediction. According to him, Ethereum’s value is set to break through the $10,000 barrier, with the potential to reach a peak of $14,000. The catalyst for this anticipated surge is none other than the Ethereum ETFs, which are expected to act as a major catalyst for the....
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Popular crypto analyst and enthusiast, Doctor Profit has boldly predicted that Ethereum would see a huge parabolic move following the spot ETH ETFs launch before the year closes, which has garnered the interest of the cryptocurrency space. Ethereum Poised Major Price Rally Post-Spot ETH ETFs In the post on the X (formerly Twitter) platform, Doctor […]
The Chicago Board Options Exchange (CBOE) has confirmed the launch date for Spot Ethereum ETFs, revealing when five Spot ETH ETFs will commence trading in the crypto market. CBOE Finalizes Launch Date For Spot Ethereum ETFs On July 19, the CBOE released a new issue notification on its official website concerning the launch of Spot Ethereum ETFs trading. According to the notification, five Spot ETH ETFs will begin trading on the Chicago Board Options Exchange on July 23, 2024, pending regulatory effectiveness. Previously, analysts, including Bloomberg Senior ETF analyst, Eric Balchunas,....
The Ethereum price has been a joy to watch in recent weeks after initially struggling to keep pace with other large-cap cryptocurrencies. However, the past week will be a quick one to forget for the crypto market, especially the altcoin, which declined in value by over 12%. While this price slump experienced by Ethereum has been linked to the US Federal Reserve rate cut, the recent drab performances of the spot ETH exchange-traded funds (ETFs) could also be associated. After a lengthy spell of positive inflows, investor interest in the US-based ETH ETFs seems to be losing momentum. Spot....
More crypto spot ETFs are a near certainty, according to analysts, which means we may see Dogecoin, Solana, and XRP approved by the end of 2025. James Seyffart joined the hype to announce that the approval odds for the spot crypto ETFs just went above 90%. This comes just two days after Bloomberg analyst, Eric […]
The Ethereum price has risen almost 20% in the last 24 hours. This is a positive development for the second-largest crypto token, which has been lagging until now. Ethereum’s price surge is believed to be due to several factors, including the potential approval of the Spot Ethereum ETFs. SEC Could Soon Approve Spot Ethereum ETFs Ethereum has risen on the news that the Securities and Exchange Commission (SEC) could approve the Spot Ethereum ETF applications. Before now, it was almost certain that the Commission would deny these applications. However, the SEC is now open to approving these....