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Grayscale Withdraws Ethereum Futures ETF Application From SECAccording to PANews, Grayscale, a cryptocurrency asset management company, has submitted a notice to the U.S. Securities and Exchange Commission (SEC) on May 7th to withdraw its Ethereum (ETH) futures ETF application. The SEC was originally scheduled to make a final decision on Grayscale's Ethereum futures ETF on May 30th. Grayscale initially submitted the 19b-4 application for the Ethereum futures ETF on September 19, 2023. If approved, the ETF would have been listed on the New York Stock Exchange.

Grayscale Withdraws Ethereum Futures ETF Application From SEC

According to PANews, Grayscale, a cryptocurrency asset management company, has submitted a notice to the U.S. Securities and Exchange Commission (SEC) on May 7th to withdraw its Ethereum (ETH) futures ETF application. The SEC was originally scheduled to make a final decision on Grayscale's Ethereum futures ETF on May 30th. Grayscale initially submitted the 19b-4 application for the Ethereum futures ETF on September 19, 2023. If approved, the ETF would have been listed on the New York Stock Exchange.
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Bullish
NYSE Files Proposal allowing for Grayscale ETH ETF staking According to the most recent filings, Archipelago Exchange (NYSE Arca) and the New York Stock Exchange submitted a proposal for staking Grayscale Spot Ethereum exchange-traded funds (ETFs). NYSE offers a gateway to crypto sector investors. With the trust fund value of around $16.1 million, NYSE Arca earlier filed a 19b-4 application trying to turn Grayscale's XRP Trust into a spot ETF. Though they are still vulnerable to the volatility of the market, crypto ETFs have become a fresh way for investors to have access to the advantages of cryptocurrency. Data shows that on February 11 Ethereum spot ETFs saw a total net inflow of $12.58 million. Recording no net outflow yesterday, Grayscale Ethereum Trust ETF (ETHE) kept its historical net outflow at $3.95 billion. Likewise, Grayscale Ethereum Mini Trust ETF (ETHA) contributed $12.58 million, therefore increasing its past net inflow to $4.36 billion. With an ETF net asset ratio of 3.14% and a total net asset value of $9.84 billion as of right now, Ethereum spot ETFs reflect its market capitalization as a part of Ethereum's whole market capitalization. The historical total net inflow into Ethereum spot ETFs comes at $3.169 billion. Should NYSE Arca's plan to provide staking for Grayscale's Ethereum ETF be approved, the fund may be able to benefit from staking incentives. While keeping direct Ethereum exposure, this might raise investment returns. It will also add a yield-generating element to Grayscale's ETF, therefore differentiating it from rivals. #ETH #ETHETFsApproved #ETHETFS #LTC&XRPETFsNext? #MarketLiquidation $SOL $BTC $ETH
NYSE Files Proposal allowing for Grayscale ETH ETF staking

According to the most recent filings, Archipelago Exchange (NYSE Arca) and the New York Stock Exchange submitted a proposal for staking Grayscale Spot Ethereum exchange-traded funds (ETFs).

NYSE offers a gateway to crypto sector investors.
With the trust fund value of around $16.1 million, NYSE Arca earlier filed a 19b-4 application trying to turn Grayscale's XRP Trust into a spot ETF.

Though they are still vulnerable to the volatility of the market, crypto ETFs have become a fresh way for investors to have access to the advantages of cryptocurrency. Data shows that on February 11 Ethereum spot ETFs saw a total net inflow of $12.58 million. Recording no net outflow yesterday, Grayscale Ethereum Trust ETF (ETHE) kept its historical net outflow at $3.95 billion. Likewise, Grayscale Ethereum Mini Trust ETF (ETHA) contributed $12.58 million, therefore increasing its past net inflow to $4.36 billion.

With an ETF net asset ratio of 3.14% and a total net asset value of $9.84 billion as of right now, Ethereum spot ETFs reflect its market capitalization as a part of Ethereum's whole market capitalization. The historical total net inflow into Ethereum spot ETFs comes at $3.169 billion.

Should NYSE Arca's plan to provide staking for Grayscale's Ethereum ETF be approved, the fund may be able to benefit from staking incentives. While keeping direct Ethereum exposure, this might raise investment returns. It will also add a yield-generating element to Grayscale's ETF, therefore differentiating it from rivals.

#ETH #ETHETFsApproved #ETHETFS #LTC&XRPETFsNext? #MarketLiquidation $SOL $BTC $ETH
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Bullish
Ethereum Update - February 2025 Time to buy $ETH ? #PectraUpgrade #ETHETFS #ethto10000 Wonder why when all the tokens performed well but $ETH is not moving ? Ethereum has been experiencing some interesting developments recently Buying Volume Surge: Ethereum's buying volume has surged, particularly driven by U.S. investors. This has led to modest price gains, with key metrics suggesting a potential rally on the horizon. Analyst Insights: Crypto analyst Benjamin Cowen has highlighted that Ethereum looks attractive against Bitcoin at its current price levels. Staked ETH ETFs: There is growing anticipation around the introduction of staked ETH ETFs, which could potentially drive Ethereum's price to new heights, with some speculating it could reach $10,000. Most critical point is Upcoming Network Upgrade: The highly anticipated Pectra upgrade is set to go live on the Ethereum mainnet around April 8, 2025, following successful testnet deployments on Holesky and Sepolia scheduled for February 24 and March 5, respectively. This upgrade aims to improve validator participation and overall network performance. I would say its right time to accumulate the ETH but keep in mind network update results may bring volatility, if something goes wrong on update even a minor issue will send the price to bottom. Take profit and invest wisely. Ps - please keep the comment section respectful, we all try to learn and grow here. Disrespecting others not going to help us. {spot}(ETHUSDT)
Ethereum Update - February 2025
Time to buy $ETH ? #PectraUpgrade #ETHETFS #ethto10000
Wonder why when all the tokens performed well but $ETH is not moving ?
Ethereum has been experiencing some interesting developments recently
Buying Volume Surge:
Ethereum's buying volume has surged, particularly driven by U.S. investors. This has led to modest price gains, with key metrics suggesting a potential rally on the horizon.

Analyst Insights:
Crypto analyst Benjamin Cowen has highlighted that Ethereum looks attractive against Bitcoin at its current price levels.

Staked ETH ETFs:
There is growing anticipation around the introduction of staked ETH ETFs, which could potentially drive Ethereum's price to new heights, with some speculating it could reach $10,000.

Most critical point is
Upcoming Network Upgrade:
The highly anticipated Pectra upgrade is set to go live on the Ethereum mainnet around April 8, 2025, following successful testnet deployments on Holesky and Sepolia scheduled for February 24 and March 5, respectively. This upgrade aims to improve validator participation and overall network performance.

I would say its right time to accumulate the ETH but keep in mind network update results may bring volatility, if something goes wrong on update even a minor issue will send the price to bottom. Take profit and invest wisely.

Ps - please keep the comment section respectful, we all try to learn and grow here. Disrespecting others not going to help us.
Ethereum Price Analysis!!! Ethereum is now makes really bearish pattren when btc price is above 95k, it means now this alt coin time is over? No, Ethereum is no. 1 alt coin in crypto market, after xrp most talking coin is Ethereum, Ethereum is still have lot of potential, many coins launched on Ethereum's blockchain which is ERC-20. So now Ethereum trading volume is below 20b dollars, market sentiment is low because of uncertainty in market from China Deepseek and also President decesions about economy, so now i think in April or May ETF approved, after approval of ETF ETH mar reach 16000+, almost all coins reach at their maximum levels, many alt coins break their ATH many times but still ETH need to break their ATH in next bull run, next bull run expected on 2nd - 3rd quarter of 2025. Ethereum is totaly decentralized crypto currency, it's blockchain is trustful and so many coins launched on Ethereum's. So open long position on Ethereum for profitable trade, maybe today or tomorrow ETH reach again 3000+ mark. Thank you #TraderProfile #ETH🔥🔥🔥🔥🔥🔥 #ETHETFsApproved #ETHETFS $ETH {spot}(ETHUSDT)
Ethereum Price Analysis!!!

Ethereum is now makes really bearish pattren when btc price is above 95k, it means now this alt coin time is over? No, Ethereum is no. 1 alt coin in crypto market, after xrp most talking coin is Ethereum, Ethereum is still have lot of potential, many coins launched on Ethereum's blockchain which is ERC-20.

So now Ethereum trading volume is below 20b dollars, market sentiment is low because of uncertainty in market from China Deepseek and also President decesions about economy, so now i think in April or May ETF approved, after approval of ETF ETH mar reach 16000+, almost all coins reach at their maximum levels, many alt coins break their ATH many times but still ETH need to break their ATH in next bull run, next bull run expected on 2nd - 3rd quarter of 2025.

Ethereum is totaly decentralized crypto currency, it's blockchain is trustful and so many coins launched on Ethereum's.

So open long position on Ethereum for profitable trade, maybe today or tomorrow ETH reach again 3000+ mark.

Thank you
#TraderProfile #ETH🔥🔥🔥🔥🔥🔥 #ETHETFsApproved #ETHETFS $ETH
Square-Creator-8f957a522032a3459491:
Hey thanks for your time taken to analyze and giving us hint let’s hope it turns out to be true
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Bearish
See original
2.16 Cryptocurrency Mr. Coin: Ethereum (ETH) Market Analysis Reference Ethereum is also maintaining consolidation during the day, with fluctuations around 2700. The market has entered a pattern of oscillating consolidation, and it is expected that the price will not change significantly in the short term. The strategy is to maintain high short and low long positions. Pay attention to the resistance near 2800 above and the support near 2650 below. The range can be high short and low long. If the narrow oscillation market is difficult to grasp, it is advisable to wait for an effective breakout before entering the market in the direction of the trend. 2.16 Short-term Reference for Ethereum: Short Position: Short at 2820-2780, with a stop-loss at 2950, and a take-profit target below 2730. Long Position: Focus on the range of 2650-2600, with a stop-loss of 50 points and a target above 2720. Note: There may be delays in message delivery, and the strategy suggestions are for reference only. The market is constantly changing, so regardless of how high the confidence in market judgment is, always set stop-loss and take-profit measures to secure profits. #ETH #ETHETFsApproved #ETHETFS #BTC
2.16 Cryptocurrency Mr. Coin: Ethereum (ETH) Market Analysis Reference

Ethereum is also maintaining consolidation during the day, with fluctuations around 2700. The market has entered a pattern of oscillating consolidation, and it is expected that the price will not change significantly in the short term. The strategy is to maintain high short and low long positions. Pay attention to the resistance near 2800 above and the support near 2650 below. The range can be high short and low long. If the narrow oscillation market is difficult to grasp, it is advisable to wait for an effective breakout before entering the market in the direction of the trend.

2.16 Short-term Reference for Ethereum:

Short Position: Short at 2820-2780, with a stop-loss at 2950, and a take-profit target below 2730.
Long Position: Focus on the range of 2650-2600, with a stop-loss of 50 points and a target above 2720.

Note: There may be delays in message delivery, and the strategy suggestions are for reference only. The market is constantly changing, so regardless of how high the confidence in market judgment is, always set stop-loss and take-profit measures to secure profits. #ETH #ETHETFsApproved #ETHETFS #BTC
📉 $BTC Dominance at Resistance – Is $ETH Set for a Reversal? 🚀 The crypto market is reaching a crucial inflection point. 🔸 BTC Dominance is testing a key supply zone, historically leading to a pullback. 🔸 Meanwhile, the ETH/BTC pair is sitting in a strong demand zone, hinting at a potential bounce. 📊 If history repeats, we might see Bitcoin cool off while Ethereum and altcoins gain strength. 🔥 Could this signal the start of an altcoin season? Drop your thoughts below! 👇🚀 #bitcoin #Ethereum✅ #BTC #ETHETFS #AltSeasonComing
📉 $BTC Dominance at Resistance – Is $ETH Set for a Reversal? 🚀

The crypto market is reaching a crucial inflection point.

🔸 BTC Dominance is testing a key supply zone, historically leading to a pullback.
🔸 Meanwhile, the ETH/BTC pair is sitting in a strong demand zone, hinting at a potential bounce.

📊 If history repeats, we might see Bitcoin cool off while Ethereum and altcoins gain strength.

🔥 Could this signal the start of an altcoin season?
Drop your thoughts below! 👇🚀

#bitcoin #Ethereum✅ #BTC #ETHETFS #AltSeasonComing
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2.15 Coin Circle Mr. Coin: Ethereum (ETH) Market Analysis Reference Ethereum experienced a breakout upward in the evening, currently reaching the previous high near 2790. The short-term increase is close to a hundred points, and the price increase is quite strong. However, it has not broken through the 2800 level. In the past two days, after rebounding to this level, there has been a pullback, indicating that there is still strong resistance above. If it cannot maintain the rebound, a pullback will soon follow, so it is advisable to be prepared. After this wave of upward movement, the support has shifted upwards, and the range is narrowing. It is recommended to operate with a light position, paying attention to the breakout situation at 2800 above. If the rebound breaks out, one can follow up with short-term long positions; if it does not break, one can try light short positions. 2.15 Short-term Reference for Ethereum: Short positions: 2820-2780 short, defend at 2950, stop loss: 2970, target below 2730, Long positions focus on the range of 2640-2680, stop loss at 50 points, target above 2720, Message sending may be delayed, strategy suggestions are for reference only, the market changes rapidly, regardless of how confident you are in market judgment, it is essential to manage take profit and stop loss properly, securing profits is important #ETH #ETHETFsApproved #ETHETFS #BTC
2.15 Coin Circle Mr. Coin: Ethereum (ETH) Market Analysis Reference

Ethereum experienced a breakout upward in the evening, currently reaching the previous high near 2790. The short-term increase is close to a hundred points, and the price increase is quite strong. However, it has not broken through the 2800 level. In the past two days, after rebounding to this level, there has been a pullback, indicating that there is still strong resistance above. If it cannot maintain the rebound, a pullback will soon follow, so it is advisable to be prepared. After this wave of upward movement, the support has shifted upwards, and the range is narrowing. It is recommended to operate with a light position, paying attention to the breakout situation at 2800 above. If the rebound breaks out, one can follow up with short-term long positions; if it does not break, one can try light short positions.

2.15 Short-term Reference for Ethereum:

Short positions: 2820-2780 short, defend at 2950, stop loss: 2970, target below 2730,
Long positions focus on the range of 2640-2680, stop loss at 50 points, target above 2720,

Message sending may be delayed, strategy suggestions are for reference only, the market changes rapidly, regardless of how confident you are in market judgment, it is essential to manage take profit and stop loss properly, securing profits is important #ETH #ETHETFsApproved #ETHETFS #BTC
Earning Tips:
How you got double rewards? pepe and shib both you get how???
➡️Ethereum Gearing Up for a Major Comeback! 🚀** 🔹 Accumulation Opportunity: ETH is setting the stage for a strong move—grab it before it's too late! 🔹 Key Resistance: $3K is the crucial level to watch. 👀 🔹 Breakout Potential: If bulls reclaim the $3K resistance, Ethereum could see an explosive rally ahead! Big moves are coming—stay ready! 🔥 #crypto #ETH #Ethereum #ETHETFsApproved #ETHETFS @BreakOut_Expert
➡️Ethereum Gearing Up for a Major Comeback! 🚀**

🔹 Accumulation Opportunity: ETH is setting the stage for a strong move—grab it before it's too late!

🔹 Key Resistance: $3K is the crucial level to watch. 👀

🔹 Breakout Potential: If bulls reclaim the $3K resistance, Ethereum could see an explosive rally ahead!

Big moves are coming—stay ready! 🔥

#crypto #ETH #Ethereum #ETHETFsApproved #ETHETFS

@cryptobreakout_trader
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2.14 Coin Circle Mr. Coin: Ethereum (ETH) Market Analysis Reference Although Ethereum rebounded yesterday, the upward momentum weakened afterwards, and the market has not stabilized for another attack. The current trend is a high pullback, with the price running around the 2640 position. The short-term trend is relatively weak, and the lower gap has already opened. The coin price has fallen below the 4-hour Bollinger middle line, forming a suppression. There is a possibility of further downward pullback support in the future, so it is advised that everyone prepares early. During the day, Ethereum's trend shows a fluctuating downward trend, so the strategy suggests mainly short positions with weak support, supplemented by long positions. The upper resistance focuses on the 2700 line, while the lower support focuses on 2580, followed by 2520. 2.13 Short-term Reference for Ethereum: Short positions: 2720-2680 short, stop loss at 2850, take profit: below 2630, Long positions focus on the 2450-2480 range, stop loss 50 points, target above 2500, The message may be delayed, and the strategy suggestions are for reference only. The market changes rapidly, and regardless of how high the confidence in market judgment is, stop-loss and take-profit must be handled well. Lock in profits for safety #ETH #ETHETFS #ETHFI #BTC #BTC走势分析
2.14 Coin Circle Mr. Coin: Ethereum (ETH) Market Analysis Reference

Although Ethereum rebounded yesterday, the upward momentum weakened afterwards, and the market has not stabilized for another attack. The current trend is a high pullback, with the price running around the 2640 position. The short-term trend is relatively weak, and the lower gap has already opened. The coin price has fallen below the 4-hour Bollinger middle line, forming a suppression. There is a possibility of further downward pullback support in the future, so it is advised that everyone prepares early. During the day, Ethereum's trend shows a fluctuating downward trend, so the strategy suggests mainly short positions with weak support, supplemented by long positions. The upper resistance focuses on the 2700 line, while the lower support focuses on 2580, followed by 2520.

2.13 Short-term Reference for Ethereum:

Short positions: 2720-2680 short, stop loss at 2850, take profit: below 2630,
Long positions focus on the 2450-2480 range, stop loss 50 points, target above 2500,

The message may be delayed, and the strategy suggestions are for reference only. The market changes rapidly, and regardless of how high the confidence in market judgment is, stop-loss and take-profit must be handled well. Lock in profits for safety #ETH #ETHETFS #ETHFI #BTC #BTC走势分析
$ETH #eth #ETHETFS Institutional Adoption: There is a growing interest from institutional investors, which is positively influencing Ethereum’s price.
$ETH #eth #ETHETFS Institutional Adoption: There is a growing interest from institutional investors, which is positively influencing Ethereum’s price.
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Bullish
See original
$ETH #ETHETFS #ETH Ethereum holders have withdrawn more than 224,000 ETH from centralized exchanges in the last 24 hours, marking the largest outflow in nearly two years. This indicates that holders are confident in the long-term prospects of the coin and do not intend to sell at this time. Hedge funds have also increased short positions by 40% over the week, which could lead to a significant short squeeze and a breakout from consolidation (above 4k), driven by the rise of Bitcoin. Currently, we are stuck in the range of 2k-4k; the last time we were in a sideways trend (consolidation) for a long time, we grew by 100%. After a strong rise, we find ourselves in a sideways trend again, and upon exiting it, a rise of about 100% is also expected. I anticipate a price of 7k, after which I will gradually close positions. ETH remains strong in this market, and the factors I mentioned also signal good growth; the bull run has not ended, it is just beginning) You can enter now or wait for a breakout from the sideways trend followed by a subsequent retest. Wishing everyone profit!
$ETH #ETHETFS #ETH

Ethereum holders have withdrawn more than 224,000 ETH from centralized exchanges in the last 24 hours, marking the largest outflow in nearly two years. This indicates that holders are confident in the long-term prospects of the coin and do not intend to sell at this time.

Hedge funds have also increased short positions by 40% over the week, which could lead to a significant short squeeze and a breakout from consolidation (above 4k), driven by the rise of Bitcoin.

Currently, we are stuck in the range of 2k-4k; the last time we were in a sideways trend (consolidation) for a long time, we grew by 100%. After a strong rise, we find ourselves in a sideways trend again, and upon exiting it, a rise of about 100% is also expected. I anticipate a price of 7k, after which I will gradually close positions.

ETH remains strong in this market, and the factors I mentioned also signal good growth; the bull run has not ended, it is just beginning)

You can enter now or wait for a breakout from the sideways trend followed by a subsequent retest.

Wishing everyone profit!
all_in_125x_futures_pro_teacher :
Это не обидно это я влил ликвидность себе в спот , и-инвестор г-голова к-криптан , ну вобщем скоро все будет , холджю хомяка Трампа меланию Пепе и шибу , короче ждите меня скоро..
See original
#LTC&XRPETFsNext? 🚀 Will LTC and XRP be the next to have their own ETF? The recent success of Bitcoin ETFs has opened the door to a new world of possibilities for cryptocurrencies. Now, we all wonder: **Will Litecoin (LTC) and Ripple (XRP) be next on the list?** ✅ Litecoin (LTC): Known as the "little brother" of Bitcoin, LTC has proven to be a reliable and fast cryptocurrency. Its growing adoption and focus on efficient transactions could make it an ideal candidate for an ETF. ✅ Ripple (XRP): Despite regulatory challenges, XRP remains one of the most widely used cryptocurrencies in the traditional financial sector. Its focus on cross-border payments and partnerships with financial institutions positions it as a strong contender. What do you think? Do you believe that LTC and XRP ETFs are the next natural step in the institutional adoption of cryptocurrencies? Share your thoughts in the comments! 👇 #cripto #ETHETFS #Blockchain #furures
#LTC&XRPETFsNext?
🚀 Will LTC and XRP be the next to have their own ETF?

The recent success of Bitcoin ETFs has opened the door to a new world of possibilities for cryptocurrencies. Now, we all wonder: **Will Litecoin (LTC) and Ripple (XRP) be next on the list?**

✅ Litecoin (LTC): Known as the "little brother" of Bitcoin, LTC has proven to be a reliable and fast cryptocurrency. Its growing adoption and focus on efficient transactions could make it an ideal candidate for an ETF.

✅ Ripple (XRP): Despite regulatory challenges, XRP remains one of the most widely used cryptocurrencies in the traditional financial sector. Its focus on cross-border payments and partnerships with financial institutions positions it as a strong contender.

What do you think? Do you believe that LTC and XRP ETFs are the next natural step in the institutional adoption of cryptocurrencies? Share your thoughts in the comments! 👇

#cripto #ETHETFS #Blockchain #furures
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Bullish
Can ETH Reclaim $3,000? Ethereum's Bullish Comeback Ethereum is making a hopeful return as Bitcoin seeks to recover the $100,000 barrier. Although the momentum is far below expected, it occupies a vital position close to an important support trendline. Ethereum's reverse run now crosses the $2,700 level as other less expensive exchanges show interest. Will the $3,000 level be the target for ETH price bounce back from this reverse? Allow me to investigate. At $2,555, the ETH price trend shows great support on the daily chart close to the 23.60% Fibonacci barrier. Ethereum positions itself optimistically with many less expensive exchanges at this level. ETH is trading at $2,711 and now marks two consecutive bullish candles using a morning star pattern. Moreover, given an intraday rise of 1.88%, the bulls are expecting ETH to climb to the 38.20% mark. At $2,784 this Fibonacci level is well priced. The daily RSI line is rounding bottom reversion from the oversold boundary level during the recovery run. The 50 and 200-day EMA lines, however, maintain a negative trend and alert of a death cross occurrence. #ETH #Ethereum #ETHETFS #ETHETFsApproved $ETH $BTC $SOL
Can ETH Reclaim $3,000? Ethereum's Bullish Comeback

Ethereum is making a hopeful return as Bitcoin seeks to recover the $100,000 barrier. Although the momentum is far below expected, it occupies a vital position close to an important support trendline.

Ethereum's reverse run now crosses the $2,700 level as other less expensive exchanges show interest. Will the $3,000 level be the target for ETH price bounce back from this reverse? Allow me to investigate.

At $2,555, the ETH price trend shows great support on the daily chart close to the 23.60% Fibonacci barrier. Ethereum positions itself optimistically with many less expensive exchanges at this level.

ETH is trading at $2,711 and now marks two consecutive bullish candles using a morning star pattern. Moreover, given an intraday rise of 1.88%, the bulls are expecting ETH to climb to the 38.20% mark.

At $2,784 this Fibonacci level is well priced. The daily RSI line is rounding bottom reversion from the oversold boundary level during the recovery run.

The 50 and 200-day EMA lines, however, maintain a negative trend and alert of a death cross occurrence.

#ETH #Ethereum #ETHETFS #ETHETFsApproved $ETH $BTC $SOL
Shondra Iannaccone ajuq:
Oh no we want Ethereum to crash completely. Ethereum going up is a bad call for anyone that wants to make their profits from arbitrage trading
Can ETH Reclaim $3,000? Ethereum's Bullish Comeback Ethereum is making a hopeful return as Bitcoin seeks to recover the $100,000 barrier. Although the momentum is far below expected, it occupies a vital position close to an important support trendline. Ethereum's reverse run now crosses the $2,700 level as other less expensive exchanges show interest. Will the $3,000 level be the target for ETH price bounce back from this reverse? Allow me to investigate. At $2,555, the ETH price trend shows great support on the daily chart close to the 23.60% Fibonacci barrier. Ethereum positions itself optimistically with many less expensive exchanges at this level. ETH is trading at $2,711 and now marks two consecutive bullish candles using a morning star pattern. Moreover, given an intraday rise of 1.88%, the bulls are expecting ETH to climb to the 38.20% mark. At $2,784 this Fibonacci level is well priced. The daily RSI line is rounding bottom reversion from the oversold boundary level during the recovery run. The 50 and 200-day EMA lines, however, maintain a negative trend and alert of a death cross occurrence. #ETH #Ethereum #ETHETFS #ETHETFsApproved $ETH $BTC $SOL
Can ETH Reclaim $3,000? Ethereum's Bullish Comeback
Ethereum is making a hopeful return as Bitcoin seeks to recover the $100,000 barrier. Although the momentum is far below expected, it occupies a vital position close to an important support trendline.
Ethereum's reverse run now crosses the $2,700 level as other less expensive exchanges show interest. Will the $3,000 level be the target for ETH price bounce back from this reverse? Allow me to investigate.
At $2,555, the ETH price trend shows great support on the daily chart close to the 23.60% Fibonacci barrier. Ethereum positions itself optimistically with many less expensive exchanges at this level.
ETH is trading at $2,711 and now marks two consecutive bullish candles using a morning star pattern. Moreover, given an intraday rise of 1.88%, the bulls are expecting ETH to climb to the 38.20% mark.
At $2,784 this Fibonacci level is well priced. The daily RSI line is rounding bottom reversion from the oversold boundary level during the recovery run.
The 50 and 200-day EMA lines, however, maintain a negative trend and alert of a death cross occurrence.
#ETH #Ethereum #ETHETFS #ETHETFsApproved $ETH $BTC $SOL
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