A crypto analyst has predicted that the ETH price will reach $4,000 as the launch of Spot Ethereum ETFs trading draws near. Sharing a similar sentiment, other crypto experts foresee a massive bullish surge in the value of ETFSwap (ETFS), a decentralized exchange which provides access to tokenized crypto ETFs.
Analyst Targets $4,000 ETH Price On Spot Ethereum ETFs Expectations
Over the past few months, Ethereum (ETH) has been on a downtrend, experiencing declines amidst selling pressures and broader market volatility. RLinda, a crypto analyst on TradingView has revealed that Ethereum is finally ending its sell-off phase and gearing towards an uptrend that could push its price to $4,000.
RLinda disclosed that the market is primarily focused on the outcome of Spot Ethereum ETFs. The crypto analyst revealed that market sentiment concerning the ETH pricewas positive as rumors of Spot Ethereum ETFs spread. However, now the most important milestone for a possible rebound for the ETH price was the potential launch of Spot Ethereum ETFs.
Earlier in June, the United States Securities and Exchange Commission (SEC) disclosed that Spot Ethereum ETFs may launch this summer. Going by the SEC’s statement, RLinda predicts that Spot Ethereum ETFs may come in one to two weeks.
The crypto analyst has revealed that considering the positive situation surrounding Spot Ethereum ETFs, the ETH price could witness a break out to $3,200. After which, the price of the ETH price is set to gain more strength, signaling a possible further rise from its current price of $3,346 to between $4,000 and $4,800.
ETFSwap (ETFS) Gains Investors Favor With Spot Ethereum ETFs On The Horizon
Amid bullish predictions for the ETH price ahead of Spot Ethereum ETFs trading launch, ETFSwap (ETFS), a tokenized crypto ETF trading platform, is also expected to experience a significant surge to new highs. This bullish rally will be fueled by the forthcoming demand for ETFs set to enter this platform.
ETFSwap (ETFS) provides an extensive library of tokenized institutional ETFs, alongside personalized crypto ETF trading strategies and advanced trading features. By trading ETFs on ETFSwap (ETFS), users will be able to get the best ETF recommendations provided by advanced Artificial Intelligence-based ETF trackers and screeners.
Moreover, traders can gain up to 10X leverage on perpetual trading and access to real-time market data, 24/7 market coverage and excellent liquidity. ETFSwap (ETFS) also helps users mitigate risks by anchoring its trading operations and transactions on the blockchain, ensuring transparency and security at all times.
ETFSwap (ETFS) has also achieved a major milestone after its team passed the Know Your Service (KYC) verification process executed by Solidproof, a renowned smart contract security auditing company. Additionally, the decentralized trading platform has undergone a rigorous audit, revealing impeccable results verified by CyberScope, a leading blockchain security firm.
Currently, thousands of investors are favoring ETFSwap’s innovative platform to buy and trade tokenized ETFs. With the launch of Spot Ethereum ETFs, ETFSwap’s native token, ETFS is set to skyrocket to fresh all-time highs.
The token is witnessing high demand from investors, recording more than 350 million sold ETFS tokens in its ongoing presale. Investors are also taking advantage of ETFS’s low price of $0.01831 to accumulate as many tokens as possible ahead of its predicted bull rally and anticipated rise to $0.03846 by the next presale stage.
Get Ready For The Bullish Wave With ETFSwap’s Presale
Investors looking to capitalize on ETFSwap’s projected price rally can participate in its ongoing presale stage to acquire ETFS tokens. The presale is selling out fast and is expected to end soon. Only early ETFSwap (ETFS) adopters will be able to gain from the potential price increase set for ETFS once Ethereum Spot ETFs launch and demand for ETFSwap (ETFS) skyrockets.
For more information about the ETFS Presale:
Visit ETFSwap Presale
Join The ETFSwap Community
The post Crypto Analyst Says ETH Price Will Reach $4,000 As Spot Ethereum ETFs Trading Draws Closer appeared first on Blockonomi.
