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. świeca

Konfiguracja handlu:
15-minutowa świeca zamyka się powyżej 3300, wejdź
100x
Cel 3500, SL 3240

jest to wgląd w rynek, a nie porada handlowa. przeprowadź badania przed dokonaniem jakiejkolwiek inwestycji
#ETH_ETFs_Trading_Today #ether #bullish #breakouts

Handluj krótko na ETHUSDT

15-minutowa świeca z supertrendem, Ema cros 9 26

100X

Poniżej 3130 👇

Cel 3000

Zarezerwuj połowę i prześledź resztę.

Złóż także zakup z limitem na 2800 ETH

Zawsze handluj w trybie hedgingowym, a nie w jednym kierunku.

Przed przystąpieniem do transakcji należy przeprowadzić własną analizę. Nie jest to porada inwestycyjna. #ETH_ETFs_Trading_Today
#ETHETFsApproved #greyscale