Hi Guys,
Ethereum Dumps 3% in a Week: What’s Coming Next?
Ethereum has put up a lackluster performance over the past seven days. On June 3, 2024, ETH was changing hands at around $3,811.05. After holding this level for days, ETH slumped on June 7.
Specifically, ETH traded as low as $3,615.28 on June 7. This plummet came after news on June 6 revealed that ARK Invest had pulled back its spot ETH ETF application.
However, the FOMO surrounding spot ETH ETFs triggered a slight resurgence. By June 10, ETH had stabilized at around $3,671.13. This price means ETH has plunged 3.67% in a week.
So, will ETH continue bleeding, or will bulls take over soon?
According to experts, ETH will reverse course and climb to $3,789.94 by the end of June.
Experts base this prediction on ETH attracting more investors as the FOMO about spot Ethereum ETFs launching increases.
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