With the Spot Ethereum ETFs due to begin trading at some point in the next two or three months, could the $ETH price begin to rise in anticipation of this event, or could we see a return to $3,000 first?
Gary Gensler, chairman of the SEC, has said that the Spot Ethereum ETFs that his agency has approved, will be able to begin trading this Summer. We are already halfway through June, so this should be within the next couple of months.
What’s in store for the $ETH price?
$ETH is up 1.3% so far on Friday. This is better than most cryptocurrencies, with $BTC still fairly stagnant and only just in the green, the short term price action for $ETH has got off to a faster start.
Bullish short term price action
Source: TradingView
On the 4-hour chart, it can be seen that the $ETH price has found some support at $3,430. A W pattern is forming, and a breakout of this could coincide with a breakout of the downward-sloping trend line. A measured move takes the price back to where the
We współpracy z: https://cryptodaily.co.uk/2024/06/could-ethereum-eth-head-back-down-to-3000
