Ethereum ETF is here, looking at $5,000?
Ethereum enthusiasts, the moment you have been waiting for is finally here.
According to the latest news, Ethereum ETF will be officially launched on July 23! What does this mean? It means that the price of Ethereum is expected to break through the historical high and go straight to $5,000 or even higher.
From a technical analysis point of view, Ethereum's daily chart shows that the market momentum is very strong. Currently, ETH is trading around $3,500. Moreover, multiple moving averages are providing strong support for the current price.
Once the price breaks through the resistance area, the weekly resistance between $3,750 and $3,850 to $4,050 will no longer be a problem.
Next week, there will be 9 more ETH ETFs launched, 7 of which will be hosted by Coinbase. This is simply adding fuel to the rise in Ethereum prices. In addition, Trump will also attend the Bitcoin conference and give a speech. His pro-cryptocurrency stance will undoubtedly inject more vitality into the cryptocurrency market.
In summary, whether from the perspective of data analysis, market dynamics or policy environment, Ethereum is very likely to hit a record high this time.
So, investors, are you ready for Ethereum's big explosion?
