Potential Price Increase Expectations for Ethereum

Crypto analysts anticipate a potential increase in the price of Ethereum (ETH) in the coming months. Even if a spot Ethereum exchange-traded fund (ETF) is rejected in the US, this may not negatively affect the price. According to analyst Jupiter Zheng, the market has not yet priced in an ETF approval, and traditional funds can enter the market through Bitcoin ETFs. If a spot Ethereum ETF is approved, it is expected that the price will rise due to the closing of short positions. Spot ETF Approval May Affect the Price Fluctuations in the price of Ethereum lead to liquidations in both long and short positions. If ETH falls to just $3,250, a considerable amount of liquidation will occur. Zheng states that these liquidations will not significantly affect Ethereum futures. Due to the SEC’s investigation of the Ethereum Foundation and efforts to classify securities, confidence in the approval of a spot […]

Potential Price Increase Expectations for Ethereum

Crypto analysts anticipate a potential increase in the price of Ethereum (ETH) in the coming months. Even if a spot Ethereum exchange-traded fund (ETF) is rejected in the US, this may not negatively affect the price. According to analyst Jupiter Zheng, the market has not yet priced in an ETF approval, and traditional funds can enter the market through Bitcoin ETFs. If a spot Ethereum ETF is approved, it is expected that the price will rise due to the closing of short positions.

Spot ETF Approval May Affect the Price

Fluctuations in the price of Ethereum lead to liquidations in both long and short positions. If ETH falls to just $3,250, a considerable amount of liquidation will occur. Zheng states that these liquidations will not significantly affect Ethereum futures. Due to the SEC’s investigation of the Ethereum Foundation and efforts to classify securities, confidence in the approval of a spot Ethereum ETF in May has diminished.

Impact of Bitcoin Block Reward Halving

Analysts observe certain patterns in the ETH price chart until the Bitcoin block reward halving. These patterns are based on similar price behaviors during previous Bitcoin halvings. Experienced analyst Jelle indicates the formation of a rising triangle pattern in ETH’s price, which can be interpreted as a bullish signal.

Useful Information for the Reader

The rejection of a spot Ethereum ETF approval may not negatively impact the price.
Approval is expected to lead to a price increase due to the closing of short positions.
While Ethereum futures face significant liquidations, a large impact is not expected.
SEC’s investigation of the Ethereum Foundation and efforts to classify securities may hinder ETF approval.
Models and formations showing the potential for an increase in ETH price have been identified.

In conclusion, while there is a short-term expectation of a significant increase in Ethereum’s price, regulatory developments in the US and the impact of the Bitcoin block reward halving can also be crucial for the price.

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