{"id":82247,"date":"2024-06-24T02:32:04","date_gmt":"2024-06-24T06:32:04","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=82247"},"modified":"2024-06-24T02:33:14","modified_gmt":"2024-06-24T06:33:14","slug":"ethereum-etf-coming-in-two-weeks-price-reversal-soon","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/ethereum-etf-coming-in-two-weeks-price-reversal-soon\/","title":{"rendered":"Ethereum ETF Coming In Two Weeks, Price Reversal Soon"},"content":{"rendered":"\n

ETH price may rise as analysts predict Ethereum ETF <\/a>launch by July 4. All Ethereum on-chain indicators predict positive activity.<\/p>\n\n\n\n

\"Ethereum<\/figure>\n\n\n\n

On Sunday, June 23, the Ethereum (ETH) price fell by an additional 3.72% amid the broader market downturn.<\/p>\n\n\n\n

However, this would be an advantageous moment to engage in bottom fishing, as the spot Ethereum ETFs are set to launch in just two weeks, and it is likely that the ETH price will reverse.<\/p>\n\n\n\n

Spot Ethereum ETF Approval Ahead in Two Weeks?<\/h2>\n\n\n\n

Nearly 8 firms submitted the S-1 amendments to the U.S. Securities and Exchange Commission<\/a> (SEC) last Friday, in anticipation of the spot Ethereum ETF's launch by the end of the first week of July.<\/p>\n\n\n\n

Nate Geraci, President of the ETH Store, remarked that the next two weeks will be critical for the crypto market.<\/p>\n\n\n\n

He claimed that the approval of the spot Ethereum ETF might have far-reaching consequences and could put the cryptocurrency back on an upward trend.<\/p>\n\n\n\n

Geraci recently tweeted on the X platform: \u201cThe biggest thing I am watching for is the fee on the Grayscale\u2019s mini ETH trust\u201d.<\/p>\n\n\n\n

He posits that this fee could have a significant impact on the spot Bitcoin ETF market, as there is also a mini BTC trust.<\/p>\n\n\n\n

As Nate Geraci anticipates volatility and potential opportunities in the next two weeks, he advises, “Buckle up.”<\/p>\n\n\n\n

Gercai also made a significant prediction that assets in spot crypto ETFs would surpass physical gold ETFs by the following year.<\/p>\n\n\n\n

\n

Everyone ready for these next two weeks?

Spot eth ETFs could *potentially* be approved & trading.

Biggest thing I\u2019m watching for is fee on Grayscale mini eth trust.

That fee could send shockwaves through spot *btc* ETF landscape as there is also mini btc trust.

Buckle up.<\/p>— Nate Geraci (@NateGeraci) June 24, 2024\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a><\/blockquote>

ETH Price Reversal Soon?<\/h2>\n\n\n\n

Ethereum, together with Bitcoin, has been affected by the selling pressure, with its price<\/use><\/svg><\/span><\/a> falling below $3,400 as of press time.<\/p>\n\n\n\n

However, on-chain indicators suggest that a price reversal could be on the horizon very soon for Ethereum.<\/p>\n\n\n\n

The Ethereum gas fee has reached its lowest level in years, despite the strong\u00a0Layer-2 activity <\/a>reaching\u00a0its all-time highs.<\/p>\n\n\n\n

This shows that the Ethereum blockchain network is all set to manage higher scalability.<\/p>\n\n\n\n

Crypto analyst Ali Martinez also stated that the Ethereum active addresses have soared to their highest in three months, thereby reaching a total of 617,170.<\/p>\n\n\n\n

\n

#Ethereum<\/use><\/svg><\/span><\/a> just saw its largest spike in active $ETH<\/use><\/svg><\/span><\/a> addresses in three months, reaching a total of 617,170 active #ETH<\/use><\/svg><\/span><\/a> addresses. pic.twitter.com\/CSqBOnQhEr<\/use><\/svg><\/span><\/a><\/p>— Ali (@ali_charts) June 22, 2024<\/use><\/svg><\/span><\/a><\/blockquote>

ETH price may rise as analysts predict Ethereum ETF launch by July 4. All Ethereum on-chain indicators predict positive activity. On Sunday, June 23, the Ethereum (ETH) price fell by an additional 3.72% amid the broader market downturn. However, this would be an advantageous moment to engage in bottom fishing, as the spot Ethereum ETFs are […]<\/p>\n","protected":false},"author":56,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21,23],"tags":[20167,18877,19263],"class_list":["post-82247","post","type-post","status-publish","format-standard","hentry","category-news","category-ethereum-news","tag-eth-price-recovery","tag-ethereum-eth","tag-ethereum-eth-price"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/82247","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/56"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=82247"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/82247\/revisions"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=82247"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=82247"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=82247"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}