$ETH will continue to grow strongly

ETH price is almost back to ATH (all-time high) after skyrocketing this week on news of a spot Ethereum ETF. Meanwhile, ADA has a long way to go. That could actually be more bullish for Cardano's coin, as the price has room to rise further.

The recent decision to approve an Ethereum ETF will change the entire ETH investment landscape. If buyers take the price above the $4,000 mark, a further 12.5% ​​increase would push ETH to $4,500 – within the interesting range of the previous ATH of $4,721 in November 2021.

Many traders have predicted an ETH price of $5,000 by the end of 2024. An even more optimistic outlook than the $10,000 forecast for this year. Meanwhile, Bitcoin ETF issuer VanEck predicts $11,800 by 2030.

In the short term, ADA technical indicators and weekly moving averages call for “Sell” on Thursday. Meanwhile, ETH technical indicators on a 7-day period call for “Sell” on Thursday. "Strong Buy" recommendation