$ETH

Everyone who holds ETH!!! Look at me!!!

ETH is about to rise? ? ? Don't regret it if you miss it!!

ETH price is about to rise?

Currently, all eyes are on Ethereum, as Gary Gensler, chairman of the United States Securities and Exchange Commission, said that a spot Ethereum ETF will be approved by the end of this summer. While this news has brought some optimism to the ETH community, it has not yet been reflected in the price of Ethereum, which is still below $3,500 at press time.

Demand for Ethereum has skyrocketed

CryptoQuant head of research Julio Moreno said that the market demand for Ethereum has increased significantly at present. According to Moreno, ETH permanent holders bought a staggering 298,000 ETH yesterday, which is the second highest daily purchase on record.

As of now, the highest daily purchase record is still September 11, 2023, when ETH holders bought 317,000 ETFs. However, even the current surge in Ethereum demand highlights the growing interest and confidence of long-term investors in the cryptocurrency market. Where will ETH prices go from here?

Despite the positive trend in on-chain indicators, ETH bulls have not yet gained enough control to trigger a rally above $4,000. Currently, Ethereum is trading just below its key support area at $3,500.

The last time ETH prices fell below $3,500 was in April, which led to a drop to a low of $2,814 on May 2, a drop of 25%. All eyes are on how quickly the SEC chairman approves the listing of a spot Ethereum ETF. This could inject a large amount of capital inflows, just like we saw after the approval of the spot Bitcoin ETF. I learned about a coin through a friend's introduction. It may have great potential in the future. I share it with you. 2024 is the Olympic Games celebration, which will be held in Paris on July 26. Therefore, if small funds should seize this opportunity, P~hr~yg~es, which is ambushing Ethereum, is a good choice. At present, this has been listed on three exchanges and has taken the route. The current market value is only 1.6 million. I believe that under the expected narrative of the Olympics, it will definitely have a good increase. It is only a matter of time to lay out in advance to eat meat. It has three hot spots at the same time! There will definitely be good development! !