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Ethereum Price Prediction 22 May: ETH Blasts Toward $4,000 as ETF Deadline Approaches â Time to Buy?
ETH has lifted by 2% in the past 24 hours, with the Ethereum price rising past $3,700 on a day when the crypto market as a whole is basically flat.
If the SEC does approve the ETFs, weâre likely to see the Ethereum price continue its upwards trajectory for several days, if not weeks.
ETHâs price chart shows some indication that the coin may correct a little today, even if good news tomorrow could push it back up again.
Its indicators have flagged slightly, with the coinâs relative strength index (purple) sliding from 90 late on Monday night/early Tuesday morning to about 55 today.
At the same time, it looks as though ETHâs price may be about to sink below its 30-day average (orange), which is flattening out in a sign of declining momentum.
Yet such a loss of momentum may be temporary, with ETHâs 24-hour volume still highly elevated today at $32 billion.
This indicates strong sustained interest in the token, which is awaiting the deadline tomorrow for several spot-based ETH ETFs.
Of course, investors should be aware that traders and whales will use any spike as an opportunity to dump their holdings, so we may not see a consistent rally in the event of SEC approvals.
Yet as weâve seen this year with Bitcoin, the approval of ETH ETFs will serve as a big catalyst for the expansion of Ethereumâs market.
Massive volume could flood into ETH in the weeks and months following an approval, potentially pushing its price past $4,000.
And assuming that the Fed will reduce rates later in the year, the market as a whole will become more bullish, further boosting the Ethereum price.
Indeed, this morning has seen the UK announce that its official inflation rate fell to 2.3% in a April, which is very close to the Bank of Englandâs target rate of 2%.
Assuming that something similar happens in the US, we could certainly see rate cuts soon, helping the Ethereum price.
$BTC $ETH
#pizzaday #ETHETFS #btc70k #BinanceLaunchpool
ETH has lifted by 2% in the past 24 hours, with the Ethereum price rising past $3,700 on a day when the crypto market as a whole is basically flat.
If the SEC does approve the ETFs, weâre likely to see the Ethereum price continue its upwards trajectory for several days, if not weeks.
ETHâs price chart shows some indication that the coin may correct a little today, even if good news tomorrow could push it back up again.
Its indicators have flagged slightly, with the coinâs relative strength index (purple) sliding from 90 late on Monday night/early Tuesday morning to about 55 today.
At the same time, it looks as though ETHâs price may be about to sink below its 30-day average (orange), which is flattening out in a sign of declining momentum.
Yet such a loss of momentum may be temporary, with ETHâs 24-hour volume still highly elevated today at $32 billion.
This indicates strong sustained interest in the token, which is awaiting the deadline tomorrow for several spot-based ETH ETFs.
Of course, investors should be aware that traders and whales will use any spike as an opportunity to dump their holdings, so we may not see a consistent rally in the event of SEC approvals.
Yet as weâve seen this year with Bitcoin, the approval of ETH ETFs will serve as a big catalyst for the expansion of Ethereumâs market.
Massive volume could flood into ETH in the weeks and months following an approval, potentially pushing its price past $4,000.
And assuming that the Fed will reduce rates later in the year, the market as a whole will become more bullish, further boosting the Ethereum price.
Indeed, this morning has seen the UK announce that its official inflation rate fell to 2.3% in a April, which is very close to the Bank of Englandâs target rate of 2%.
Assuming that something similar happens in the US, we could certainly see rate cuts soon, helping the Ethereum price.
$BTC $ETH
#pizzaday #ETHETFS #btc70k #BinanceLaunchpool
The U.S. Securities and Exchange Commission (SEC) is set to decide on the approval of a spot Ether exchange-traded fund (ETF) by VanEck. The decision, due on May 23, has sparked a debate on whether Ether is a security or a commodity. The SEC's approval of spot Bitcoin ETFs in January solidified Bitcoin's status as a commodity. However, the fate of Ether is uncertain, with the SEC questioning its status. $BTC
The approval chances of the Ether ETF have dropped to a "very pessimistic 25%", according to Bloomberg ETF analyst Eric Balchunas. The SEC's stance on Ether as a security could potentially impact the approval of the ETF.
#PEPEâ
#pizzaday
The approval chances of the Ether ETF have dropped to a "very pessimistic 25%", according to Bloomberg ETF analyst Eric Balchunas. The SEC's stance on Ether as a security could potentially impact the approval of the ETF.
#PEPEâ
#pizzaday
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$BTC #pizzaday #BinanceLaunchpool #BTC #altcoins #ETHETFS
$"đ¨ Alert: PEPE Whale on the Move! đł
Approximately 11 hours ago, a crypto whale withdrew a staggering 592 billion PEPE tokens (worth $7.95 million) from Binance, likely acquired during the recent price surge. đ
Click Here To Go To Feed Post For PEPE
This whale's total holdings are impressive:
- 592 billion PEPE tokens ($8.04 million)
- 1,210.67 ETH ($4.56 million)
- 3,000.43 AVAX ($120,614)
The wallet address is: 0x83768992b44f9aFad68889CA59F36507fe00d8F7
Stay informed about the latest crypto movements!
$"đ¨ Alert: PEPE Whale on the Move! đł
Approximately 11 hours ago, a crypto whale withdrew a staggering 592 billion PEPE tokens (worth $7.95 million) from Binance, likely acquired during the recent price surge. đ
Click Here To Go To Feed Post For PEPE
This whale's total holdings are impressive:
- 592 billion PEPE tokens ($8.04 million)
- 1,210.67 ETH ($4.56 million)
- 3,000.43 AVAX ($120,614)
The wallet address is: 0x83768992b44f9aFad68889CA59F36507fe00d8F7
Stay informed about the latest crypto movements!
Based on my market analysis today is a very big day we will break the 183 resistance and launch to 190 if we manage to reach that we will head towards the 200 before the eth etfs by a fraction of time
this is not a financial advice DYOR
i recommend u think clearly what this is because every post saying bearish it's fake just because they want you tell sell and have a lower entry price
$SOL $ETH $BTC #ETHETFS #pizzaday #altcoins #buythedip #SolanaUSTD
this is not a financial advice DYOR
i recommend u think clearly what this is because every post saying bearish it's fake just because they want you tell sell and have a lower entry price
$SOL $ETH $BTC #ETHETFS #pizzaday #altcoins #buythedip #SolanaUSTD
Mashallah, High reward class with simple steps
â1. Enter the code đ BPP5 XENLQH đ
2. Go to Binance Pay
3. Then go to the red pocket and paste the codes, and congratulations to you
Note: delete the space and good luck â¤ď¸
$BTC $BNB $SOL #pizzaday #BinanceLaunchpool #PEPEâ #BitcoinPizzaDay2024 #btc70k
â1. Enter the code đ BPP5 XENLQH đ
2. Go to Binance Pay
3. Then go to the red pocket and paste the codes, and congratulations to you
Note: delete the space and good luck â¤ď¸
$BTC $BNB $SOL #pizzaday #BinanceLaunchpool #PEPEâ #BitcoinPizzaDay2024 #btc70k
Degen Reimburses Users Following Chain Malfunction
According to PANews, Degen has announced that it has reimbursed users who lost funds due to a malfunction in the Degen chain on the Reservoir Relay bridge. The total amount refunded is 3.6 million $DEGEN tokens. Degen has pledged to continue supporting all users affected by this malfunction.
In addition, Degen has stated that adding liquidity to the concentrated liquidity pool in Aerodrome this week will yield a very high annual return rate. This is noteworthy for those interested in the platform's developments. However, it is important to note that investments in cryptocurrency carry inherent risks and potential investors should conduct thorough research before making any decisions.#btc70k #BinanceLaunchpool #pizzaday
According to PANews, Degen has announced that it has reimbursed users who lost funds due to a malfunction in the Degen chain on the Reservoir Relay bridge. The total amount refunded is 3.6 million $DEGEN tokens. Degen has pledged to continue supporting all users affected by this malfunction.
In addition, Degen has stated that adding liquidity to the concentrated liquidity pool in Aerodrome this week will yield a very high annual return rate. This is noteworthy for those interested in the platform's developments. However, it is important to note that investments in cryptocurrency carry inherent risks and potential investors should conduct thorough research before making any decisions.#btc70k #BinanceLaunchpool #pizzaday
just in : VanEck spot etherium #ETFEthereum has been listed on the DTTC under ticker $ETHV
source: cointelegraph
#ETHETFS #pizzaday
source: cointelegraph
#ETHETFS #pizzaday
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