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Participate in #EarnFreeCrypto2024 and win up to 500 FDUSD!
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Ethereum price prediction for May 2024. In the beginning price at 3215 dollars. High price 4936, while low price 2863. The average for the month $3907. Ethereum price forecast at the end of the month $4613, change for May 43.5%.
Ethereum forecast for June 2024. In the beginning price at 4613 dollars. High price 5726, while low price 3872. The average for the month $4891. Ethereum price forecast at the end of the month $5351, change for June 16.0%.
Ethereum price prediction for July 2024. In the beginning price at 5351 dollars. High price 5351, while low price 4563. The average for the month $5043. Ethereum price forecast at the end of the month $4906, change for July -8.3%.
Ether price hits 2-month high against Bitcoin as BTC price tests $69K
Bitcoin (BTC) tested $69,000 as support, with analysts concerned about a potential pullback.
Material Indicators warned of a possible resistance/support flip at $69,000 and a clear down signal on daily timeframes.
John Bollinger, creator of the Bollinger Bands volatility indicator, expressed short-term concern over BTC's price action.
Predictions of a wider BTC price retracement have come from the trading community, with some expecting a return to $60,000 or lower.
The decision on the United States spot Ether (ETH) exchange-traded funds (ETFs) will impact Bitcoin targets, with a positive decision potentially pushing BTC to reenter price discovery and reach $80,000.
Ethereum Soars As Analysts Predict Higher Likelihood of ETF Approval .
Ether's price has surged over 20% to around $3,792 on rumors of potential approval for Spot Ethereum ETFs by US regulators.
Standard Chartered bank is 80%-90% confident that Ether spot ETFs will launch in the US this week, estimating inflows of 2.39-9.15 million ether ($15 billion to $45 billion) in the first year.
Bloomberg Intelligence analyst Eric Balchunas increased his prediction for approval to 75%, up from 25%.Grayscale's Ethereum ETF has surged by 23%, while the entire cryptocurrency market is experiencing a rally.
PEPE reaches new high amid ETH price jump on renewed ETF approval hope
PEPE is up 27% over the day amid renewed hope for the approval of United States spot Ether ETFs.
Ethereum-based memecoin Pepe (PEPE) surged 27% to a new all-time high over the past 24 hours driven by speculation around the potential United States approval of spot Ether ETH tickers down $3,758 exchange-traded funds (ETF).
“PEPE is probably the best memecoin play for the ETH ETF,” crypto trader Matthew Hyland claimed in a May 21 X post.
Pseudonymous crypto trader “Kaleo” added it was funny how ETH is moving and PEPE is now one of the most obvious hindsight trades out there.”
Ether is up 23.28% over the past two days to $3,785 amid renewed hope that the Securities and Exchange Commission is moving to approve Ether ETFs by a May 23 deadline — an unexpected turn of events for analysts and the crypto industry.
PEPE is trading at $0.00001387 up 23.48% over the past 24 hours, according to CoinMarketCap data.
Pseudonymous crypto trader “Plazma” thinks PEPE’s upward trend will continue but expects brief volatile periods along the way.
“PEPE price discovery should continue for the next few weeks with some normal breaks for a few days and the usual pullbacks. We will be at 2x-3x in just a few weeks,” they wrote in a May 21 X post.
Meanwhile, PEPE’s Open Interest (OI) — measuring the total value of all outstanding PEPE futures contracts across crypto exchanges — rose 40% to $172.96 million over the past 24 hours, per CoinGlass data.
An OI rise usually indicates traders are more confident entering future positions on a cryptocurrency, with the data showing a significant number in long positions.
If PEPE’s price drops 6% it would liquidate $10 million in long positions.
Related: Ethereum price soars on spot ETF rumor — How are ETH options markets positioned?
PEPE led in price growth among the top 10 memecoins by market capitalization over the past 24 hours, but other top memecoins also saw significant price jumps over the past week. #PEPEATH #eth #ETHETFS $ETH
ETH Price Prediction 2024 As the volatile 2023 concludes, the Ethereum market price recovers remarkably, forming an ascending triangle pattern in the weekly chart. Bouncing from the psychological barrier of $1000 in November 2022, the uptrend continues to gain momentum in the Ethereum weekly chart.
Blazing past the overhead resistance, the ETH price pushes beyond the $4000 barrier. Moreover, the breakout rally signals a longer uptrend and avoids a death cross in the weekly chart. If the buyers cross the Ethereum market value above $5000, the bull run continuation can exponentially increase in 2024. With potential Spot ETF approvals and the Bitcoin Halving effect on altcoins, the price of ETH can reach $10,000.
Bitcoin’s recent price move is the ‘real deal market pump’ to $90K
Bitcoin's recent 14% surge has convinced traders it could be a "real deal" market pump. Traders don't expect another correction until Bitcoin reaches $90,000. A bullish reversal pattern on Bitcoin's price chart suggests it won't drop into consolidation until it surpasses its March 12 all-time high. Bitcoin's price spike is attributed to speculation about the SEC approving spot Ether ETFs. Market sentiment has turned positive, but traders anticipate a slight dip in Bitcoin's price before it continues its upward trend.