ETH price prediction next week?
From my personal perspective, I think ETH price will continue to fluctuate from now until July 23, the day ETH spot ETF officially trades.
The excitement of those holding ETH and the expectation of waiting for the price to react, so I think it will be very difficult for the price of ETH to return to the $3,000 mark.
In addition to that situation, when the ETH spot ETF is officially traded, there will likely be a SELL THE NEWS phenomenon
If so, it is likely to pull ETH price to $2,500
=> As we can see the phenomenon that occurred when Bitcoin ETF trading started, BTC decreased from 46 thousand to 38 thousand
So I personally think it can also be used with ETH, but anyway, it's better to be prepared.
- If there is a sell the news phenomenon, for example, it will only have a short-term effect, just like when the bitcoin ETF started trading.
Bitcoin decreased from 46k to 38k, then accumulated in a short time and the cash flow slowly rushed into the bitcoin ETF fund, immediately bitcoin jumped from 38k and created a new peak of 73 thousand dollars Wow!
It can be said that Bitcoin ETF is the most successful ETF in US stock history
This effect will continue to spread momentum to the Ethereum ETF over the next few days
=> Having an Ethereum ETF also increases cash flow, increases confidence in crypto, and increases confidence for traditional investors
With the progress of the Ethereum ETF, the price of ETH will soon reach the $8 thousand mark (in the long term), possibly from now until the end of the year 📈
Even I believe Bitcoin will soon reach 100 thousand dollars📈 $ETH $BTC
#Write2Win #ETHETFS #ETH #bitcoin
