ETH/BTC Price Prediction: Will ETH Price Hit $10,000 On BlackRock Ethereum ETF?

Current Market Overview:
- Ethereum (ETH): Trading at $3,787, up 0.6% in the past 24 hours, in a consolidation phase.
- Bitcoin (BTC): Surpassed $70,000 after over a month, targeting new all-time highs.

ETH/BTC Price Dynamics:
- ETH: Facing downward pressure, approaching 0.052 BTC (50% Fibonacci retracement). Resistance at 0.057 BTC and 0.058 BTC; support at 0.052 BTC.
- BTC: Broke out of a descending triangle with a potential target around $74,000. Resistance at $72,200 and $74,000; support at $67,000.

Future Outlook:
- Ethereum: Awaiting S-1 application approval, which could drive prices to $10,000. Increased liquidity from liquid staking and restaking.
- Bitcoin: Mainstream adoption growing. El Salvador holds 5,660 BTC, and the University of Austin will accept BTC for tuition.

Bottom Line:
ETH faces short-term challenges but has a positive long-term outlook with potential regulatory boosts. BTC shows strong upward momentum, aiming for new highs.

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