Ethereum briefly fell below $3,000 but has since recovered, with bullish predictions targeting prices up to $8,000.
Optimism is partly driven by the potential launch of spot ETH ETFs in the US, expected by some industry participants as early as mid-July.at the end of last week and the start of the new one has negatively affected Ethereum’s price, which briefly tumbled below the $3,000 mark. In the past 24 hours, though, bulls stepped in, pushing the valuation above that level.
Many crypto enthusiasts seem unfazed by the latest crash, predicting a strong rally for ETH in the foreseeable future. Lucky—an X user with over 2 million followers—the asset’s plunge below $3,000 as “a natural gift.” However, he cautioned investors to keep an eye on the sector in the next few days before making “any big moves.”ETH’s price has “fully completed its retest on the bull pattern breakout,” expecting an uptick to as high as $4,000.
Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: FXStreetNews - 🏆 14. / 72 Read more »