-Ethereum Price Forecast: Experts predict smaller i
![](https://public.bnbstatic.com/static/content/square/images/6a20f6beca114270ae0b4eabe86d0b63.jpg)
nflows into ETFs than bitcoin.Today, the price of #StartInvestingInCrypto is virtually unchanged, while #StartInvestingInCrypto is holding near the 33800 mark and has added very little - 0.2% in 24 hours.
Last week, the largest altcoin on the market also fell in price by 2.5%. On Thursday, analysts at Jpmorgan predicted that the market's initial reaction to the launch of the Ethereum #ETF could be negative, as the new ETF raises less money than its #bitcoin counterpart.
Nevertheless, ETH is growing at 22% per week and 100% year-to-date, and the mid- to long-term effects of the Ethereum Etf will undoubtedly boost demand for #altcoins .
Thus, it could grow significantly in the coming months and could even reach the current ATH level by the end of the year.
Despite the fact that the coin has not accomplished anything significant in the last 24 hours, the ETH chart today looks very optimistic.
Perhaps the most striking feature is the fact that the resistance (red) and support (green) levels almost coincide with each other, indicating that a breakout is imminent.
Ethereum price chart.
That hope comes from the ETH Relative Strength Index (purple), which rose from 40 last night and seems poised to break above 60 in the next few hours and possibly reach 70 within the next day or so.
This means decent short-term gains, which is likely since the number of coins is currently very low and vulnerable to large moves.
Given the low amount of ETH, large purchases by whales could cause it to fall, but recent signs suggest that whales are inclined to sell at the moment.
However, the recently approved Ethereum spot Etf is great news for altcoins, which could rise sharply following the ETF's launch later this month.
JPMORGAN warned of a post-launch drop, and also suggested that ETH's status as a lower denomination coin (compared to BTC) would reduce inflows.
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