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Заголовок Ethereum (ETH) Price Predictions: ‘Buy the Dip’ Opportunity or Further Pain for Bulls?
Дата 20240704

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Ethereum (ETH• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Ethereum) Price Predictions: Buy the Dip Opportunity or
Further Pain for Bulls?

Ethereum (ETH• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Ethereum) Price Predictions: Buy the Dip Opportunity or
Further Pain for Bulls?

Author: Dimitar Dzhondzhorov

Last Updated Jul 4, 2024 @ 10:04

ETH will bounce back hard so buy the dip, one analyst suggested.

TL;DR

Ethereum (ETH• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Ethereum) has faced significant declines, currently around $3,200, but
some analysts remain bullish, predicting potential rebounds and an all-time
high of $8,000.

The upcoming launch of spot Ethereum• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Ethereum ETFs, expected to attract $3-$5 billion
in net inflows, could boost investor confidence and drive ETH s price
higher, similar to the impact seen with spot BTC ETFs earlier this year.

What s Next for ETH?

Ethereum (ETH• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Ethereum), similar to many other leading cryptocurrencies• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта , has been
severely affected by the latest market correction . Its price currently hovers
at around $3,200 (per CoinGecko s data), representing a 5% daily decline
and 15% on a monthly scale . ETH Price, Source: CoinGecko

According to some industry participants , though , the negative trend may soon
be replaced by a fresh uptick. The X user Poseidon claimed the future
is bright, and ETH is poised for an all-time high of $8,000.

Captain Faibik was also bullish, forecasting that the price of the
second-largest cryptocurrency• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта will bounce back hard, meaning it
currently offers a great buy the dip opportunity.

On the other hand, there are some worrying signs that Ethereum• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Ethereum s
freefall may continue in the coming days. The popular crypto analyst, using
the X handle Crypto Tony, claimed that everything would be under control as
long as ETH s valuation remains above $3,270. The asset lost that
resistance level a few hours ago.

Waiting for the ETF Launch

One important factor that could place ETH back into green territory is the
launch of spot Ethereum• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Ethereum ETFs (expected this month). Recall that the US
Securities and Exchange Commission (SEC) approved multiple such products
earlier this year, but they are not yet live.

According to crypto exchange Gemini , the official introduction of spot ETH
ETFs in America could attract net inflows in the range of $3-$5 billion within
the first six months of trading. The move might improve the asset s
market position, moving it closer to the leader Bitcoin (BTC• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin), the analysis
reads.

Spot ETFs will make it easier for traditional investors to gain exposure to
Ethereum• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Ethereum without needing to hold the cryptocurrency• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта directly. This removes
some hurdles, such as self-custody , for example .

The launch of those products could also be seen as a positive signal for the
legitimacy and acceptance of ETH and the broader cryptocurrency• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта market. As a
result, investor confidence could be significantly boosted , leading to a
potential fresh flow of capital and a subsequent price rally.

Recall that the US SEC greenlighted spot BTC ETFs in January this year. The
price of the primary digital asset hit an all-time high of over $73,500
approximately two months after that .

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Tags: Ethereum• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Ethereum Ethereum (ETH• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Ethereum) Price

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