AI predicts Ethereum price for August 1 amid ETF launch expectations

Ethereum (ETH) is currently showing signs of recovery after a recent sell-off phase. This has led to a notable rebound, suggesting the potential for a continued uptrend.

The launch of five spot Ethereum exchange-traded funds (ETFs) on the Chicago Board Options Exchange (CBOE) marks a significant milestone for the cryptocurrency market.

These five spot Ethereum ETF products, including 21Shares Core Ethereum ETF, Fidelity Ethereum Fund, Invesco Galaxy Ethereum ETF, VanEck Ethereum ETF, and Franklin Ethereum ETF, will begin trading on July 23.

This launch has generated considerable excitement among investors, as industry experts predict significant price movements for Ethereum driven by the influx of both institutional and retail capital.

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