Time to accumulate the Ethereum,

Around 1.5 billion $ have been offloaded from Grayscale. comparing the 9 billion portfolio of grayscale which is now -reduced to 7 billion and in-flow from new funds had been around 1 billion till 26 July 2024 (data from FARSIDE investor)

On examining ETFs of BTC and ETH both have a chart pattern of similar magnitude, As Grayscale adjusted their ETH ETF mini Trust fee from 2.5% to 0.15% the calculated sell-off may be further reduced and the ETH may see a positive rally.

Despite undergoing a 20% drawdown after its spot ETF approval which took almost 10-15 days, Bitcoin eventually rallied once the Grayscale exodus diminished. With clear parallels forming between Bitcoin's and Ethereum's spot ETF, it might be reasonable to speculate on Ethereum's future performance similar to that of BTC.

Points to be noted are that the ETH market cap is less than one-third of BTC. the tradable volume in ETH is far too less than that what we have in ETH. When the demand increases as to the net inflow of funds from the new ETFs it creates a more crunch as most of them who had already witnessed the rally in BTC may hold on to ETH rather than booking their position. which brings the price to a new scalable height. As the BTC rallied 99 % to its new high from the low after ETF in around 4 Months. For the ETH the time frame shall be much shorter if the supply doesn't meet the demand. creating the market to a new all-time high.

Target around 5600$ for ETH in a short span of 4 months. and by the next year humungous figures can be anticipated. 10,000$ it may not beat the BTC, but shall surely give a bull run to a new high.

Invest and Forget

#market #ETH_ETFs_Approval_Predictions #ETH🔥🔥🔥🔥 #BinanceSquareFamily #Market_Update

ETH Long, !5 Min candle

Trade setup:
A 15 min candle close above 3300, enter
100x
Target 3500, SL 3240

this is a market insight and not a trading advice. do your research before making any investment
#ETH_ETFs_Trading_Today #ether #bullish #breakouts

Trade Short On ETHUSDT

15 Min candle with supertrend, Ema cros 9 26

100X

Below 3130 👇

Target of 3000

Book the half and trail the remaining.

Also Place a limit buy at 2800 ETH

Always trade in hedge mode rather than single direction.

Make your own analysis before entering a trade and this is not an investment advice. #ETH_ETFs_Trading_Today
#ETHETFsApproved #greyscale