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Ethereum Price Prediction: Slightly Bearish Outlook for the Next 24 Hours

The Securities and Exchange Commission (SEC) Expected Approval of Ethereum Spot ETFs The Securities and Exchange Commission (SEC) expected final approval of eight exchange traded funds (ETFs) applications chugs along in the US. The approval of their registration statement is expected by July 4, according to the news agency Reuters. They are thereafter ready to be listed. Market Forecast for Ethereum Spot ETFs “As with Bitcoin Spot ETFs, once the SEC signs off, ETFs could start trading within 24 hours. The Bitcoin ETFs have received $14 billion of net inflows, and various comparisons - market cap, ETFs based on futures, etc. indicate that...

By NovaX
Updated 6 days ago
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Ethereum Price Prediction: ETH Expected to Reach $2,800 in 3 Days, Followed by a Rebound

May approvals of spot ETH ETFs in the US seem out of question. The meetings held between the asset managers that have filed spot Ether ETF applications and the Securities and Exchange Commission (SEC) have been one-sided and discouraging, CryptoSlate reports. This is in stark opposition to the meetings held ahead of the SEC’s approval of spot Bitcoin ETFs in January, when the regulator had provided significant feedback on the applications. The price of Ether dropped 3.4 percent to $3,208 over the past 24 hours. ☁️ Bearish clouds linger over the global crypto market Over the next 24 hours, including Bitcoin and Ether,...

By NovaX
Updated 2 months ago
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Ethereum Forecast: Sunny with a Slight Bullish Outlook for the Week Ahead

Last week, three issuers obtained approval to launch spot Bitcoin and Ether ETFs by Hong Kong’s Securities and Futures Commission (SFC). These new funds will start trading on April 30, according to various sources, including 10x Research. The approval of the first spot ETH ETFs in the US next month does, however, seem unlikely. “Eerily quiet on spot eth ETFs… Consensus is SEC will disapprove in May. Reason = lack of engagement w/ issuers. Logic says that’s correct, but also wonder if SEC learned lesson from clown show w/ spot btc ETFs. Either way, options are either A) approve or B) face...

By NovaX
Updated 2 months ago
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Bitcoin Price Forecast: Bullish Sentiment Grows as BTC Eyes $70K Once More

The cryptocurrency trend Bitcoin rose 0.6 percent to $66,490 over the past 24 hours, 10 percent below its all-time high. Market Analysis Bitwise analyst, Ryan Rasmussen, believes that bitcoin is poised for a great next 12 months despite regulatory risks. Global Crypto Market A bullish outlook is seen for most of the global crypto market in the next 24 hours. Bitcoin has a slight upside potential while Ripple’s XRP, Avalanche, and Chainlink face bearish signals. One-Week Forecast Over a one-week horizon, a bullish outlook is expected for the crypto market except for Binance Coin and Uniswap, which face bearish trends. Stay Updated Follow us for more crypto weather reports...

By NovaX
Updated 2 months ago
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ETH Price Forecast: Brace for Bearish Trends in the Next Week – Stay Cautious!

Eight of the top 10 best performing ETFs last week were digital currency funds Largely led by Ethereum futures funds, the best performing fund was ProShares’ Ether Strategy ETF (EETH), which gained 12 percent. This ETF manages a total of roughly $63 million in assets. EY launches a contract management solution based on Ethereum’s blockchain EY, one of the four major accounting firms, has launched a contract management solution based on Ethereum’s blockchain. EY’s global blockchain leader, Paul Brody, stated, “Deploying on a public blockchain is not only cheaper, but also much more scalable, helping enable many-to-many integrations on an open platform with...

By NovaX
Updated 2 months ago
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Bitcoin Price Analysis: Brace for Volatility in BTC/USD Trading

Bitcoin Rollercoaster Ride Continues Let's revisit our last analysis with the plot thickening due to recent market developments. Weekly charts show higher highs, while daily charts witness multiple touch retests of the $60k support (previous ATH). It feels like a high-stakes game, and we're fully engaged! Decision Time for Traders The burning question is: Are we prepared to dive back in? Despite the possibility of a drop to $30k, the excitement lies in taking risks rather than playing it safe. Trading Responsibly While some may choose to be bold, always remember to trade responsibly. It's real money involved, not a game. Stay informed and be...

By NovaX
Updated 2 months ago
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Diving into SOL/USD: Navigating Solana’s Resilience in Cryptocurrency Markets

SOL/USD Trading Analysis Right off the bat, SOL is giving us some serious déjà vu as it flirts with resistance levels that harken back to its previous all-time high (ATH). Talk about a blast from the past! But fear not, because we've got our trusty charts and Fibonacci levels to guide us through this storm. Market Trends Zooming out to the monthly timeframe, we're seeing some unconfirmed structure, but the weekly suggests that resistance is looming large. However, amidst the chaos, there's a glimmer of hope – a bullish trendline on the monthly, aligning perfectly with the 615 Fibonacci level and structure. I...

By NovaX
Updated 2 months ago
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Ethereum’s Potential Upside in the Next 24 Hours and Consolidation Forecast for 3-7 Days

A new Ether upgrade is being considered by its developers Just weeks after the successful launch of the Dencun upgrade on the Ether mainnet. The scope of the Electra upgrade, as this new upgrade is called, will be made in the coming 1-4 weeks, Christine Kim, Vice President at Galaxy announced. “There is the intention to have functional prototypes and devnets of Electra at some point in May and we're closing at the end of March,” According to the write up of the latest Ethereum developers’ consensus call. A bullish sun shines over the global crypto market in the next 24 hours Indicating upside potential...

By NovaX
Updated 2 months ago
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