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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 Analysis: Will ETH Sustain Its Current Trend?

This is my latest analysis of the current state of the cryptocurrency market, with a focus on Ethereum. Reflecting on my past successes and missed opportunities, I delve into the fundamental factors driving my longer-term bearish outlook on assets like Bitcoin and Ethereum, despite recent ETF approvals. While the introduction of these ETFs may slightly alter the impact of cryptocurrencies on the world, I remain concerned about the broader financial implications of speculative investments in assets with limited real-world utility. Looking ahead, I anticipate a potential downturn in crypto prices as demand wanes and markets transition into a more deflationary...

By NovaX
Updated 2 weeks 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 Price Forecast: Expert Analysis and Insights for ETH/USD (29th April 2024)

ETHUSD Analysis The 4-hour timeframe for ETHUSD shows a bullish Change of Character following a significant retracement. This has led to the formation of a new bullish FVG on the 4-hour chart. Ideally, the price would retrace to the 3282 level to test the minor resistance it broke out of on the 4-hour chart. Confirmation signals on the 15-minute or 5-minute timeframe would validate a potential upward move, aligning with the formation of the bullish FVG. In the event that price action turns bearish and closes below 3074, I would consider looking for selling opportunities using the break and retest strategy. A confirmation...

By NovaX
Updated 2 months ago
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Ethereum Price Analysis: Unveiling Trends and Forecasts for ETH/USD Trading in 2021

ETHUSD Analysis On the 4 hour Timeframe, Price action is currently retracing into a FVG which created a Change of character before attempting to break a lower low and failing. If price action respects the FVG or the OB on the 4 hour timeframe and create a change of character at the 3021.30 Level price action is more than likely to break and retest that level to continue lower taking out the sell slide liquidity Below. However, if price action decides to break aggressively above the 3279 level, there is a high chance price action will pump towards the 3550 Level. Keep a...

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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Ethereum Price Prediction: Will ETH Drop to $2,100 Soon?

ALL trading ideas have entry point + stop loss + take profit + Risk level. hello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied. Please also refer to the Important Risk Notice linked below. Disclaimer

By NovaX
Updated 2 months ago
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“Ethereum Price Analysis: Latest Updates on ETH/USD Trends”

```html Ethereum with ticker ETHUSD is coming higher after three waves down from 2023 highs, which can be wave 4 within a higher degree leading diagonal. Notice that price is trying to break out of a downward channel as well, so it seems that bulls can be in play and ready to gain much further, especially now when risk-on is back after FED and NFP data last week showed that rates are about to top. Ethereum (ETH) is a decentralized blockchain network that hosts the cryptocurrency Ether, which acts as a 'fuel' for decentralized apps on the network. Since it launched in 2015, Ether...

By NovaX
Updated 2 months ago
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Ethereum Trading Strategy: Maximizing Profits with ETH

ETHUSDT Bearish Breakout Analysis ETHUSDT has shown a bearish breakout in the 4-hour time frame. The recommended strategy is to open a short position targeting previous lows. Place a stop loss above the recent swing high. Consider taking partial profits at the first target (T1), moving the stop loss to breakeven, and trailing the price until a bullish breakout occurs. This analysis is for informational purposes only. Always practice proper risk management.

By NovaX
Updated 2 months ago
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