ETH Ethereum ETFs Set to Launch. Short Term Price Target
If you haven`t sold the top on ETH:
Then you need to know that the Chicago Board Options Exchange (CBOE) has announced that five spot Ethereum exchange-traded funds (ETFs) are slated to begin trading on July 23, pending regulatory approval.
However, the launch of these Ethereum ETFs could lead to a price decline similar to what was observed with Bitcoin.
After the launch of the spot Bitcoin ETFs in January 2024, Bitcoin experienced a notable drop in its price. Initially, Bitcoin was trading above $48,000 but then plummeted to as low as $38,700 on January 23, 2024.
This represents a nearly 20% decline from its high. The initial drop of 5% was observed shortly after the ETFs went live, attributed to profit-taking behavior and market dynamics.
For Ethereum, a similar scenario could unfold. The influx of capital and the heightened attention could initially drive up prices. However, once the ETFs start trading, profit-taking behavior might set in, potentially causing Ethereum's price to fall by 5% to 20%.
Investors should be prepared for potential volatility surrounding the launch date.
My Price Target is $2800.
Then you need to know that the Chicago Board Options Exchange (CBOE) has announced that five spot Ethereum exchange-traded funds (ETFs) are slated to begin trading on July 23, pending regulatory approval.
However, the launch of these Ethereum ETFs could lead to a price decline similar to what was observed with Bitcoin.
After the launch of the spot Bitcoin ETFs in January 2024, Bitcoin experienced a notable drop in its price. Initially, Bitcoin was trading above $48,000 but then plummeted to as low as $38,700 on January 23, 2024.
This represents a nearly 20% decline from its high. The initial drop of 5% was observed shortly after the ETFs went live, attributed to profit-taking behavior and market dynamics.
For Ethereum, a similar scenario could unfold. The influx of capital and the heightened attention could initially drive up prices. However, once the ETFs start trading, profit-taking behavior might set in, potentially causing Ethereum's price to fall by 5% to 20%.
Investors should be prepared for potential volatility surrounding the launch date.
My Price Target is $2800.
Trade fermée: cible de profit atteinte
Price Target Reached. The Crypto selloff could continue! 
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Trading COURSE bit.ly/tradex
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1%/DAY: bit.ly/3F56VTW
CRYPTO partner.bybit.com/b/37880
BUY-SELL INDICATORS tradingindicators.store/
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Private SIGNALS patreon.com/PremiumOptionsSignals
Trading COURSE bit.ly/tradex
RESULTS bit.ly/topgx
1%/DAY: bit.ly/3F56VTW
CRYPTO partner.bybit.com/b/37880
BUY-SELL INDICATORS tradingindicators.store/
Trading COURSE bit.ly/tradex
RESULTS bit.ly/topgx
1%/DAY: bit.ly/3F56VTW
CRYPTO partner.bybit.com/b/37880
BUY-SELL INDICATORS tradingindicators.store/
Publications connexes
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.