Ethereum Price Prediction: Spot ETH ETFs Launch Today After Final SEC Approval As Experts Say Consider This Meme Coin For Parabolic Gains

The
Ethereum
price
has
soared
14%
in
two
weeks
but
is
down
1.2%
in
the
last
24
hours
to
trade
for
$3,479
as
of
00:12
a.m.
EST.

It
comes
following
another
landmark
decision
by
the
US
Securities
and
Exchange
Commission
(SEC)
on
Monday,
allowing
Ethereum
spot
ETFs
(exchange-traded
funds)
to
begin
trading
on
Tuesday,
July
23.

[????]
SEC
SIGNS
OFF
SPOT
ETHEREUM
ETFS
FOR
TRADING
TOMORROW:
FILING

—
Tree
News
(@News_Of_Alpha)

July
22,
2024

The
regulator
green-lit
the
S-1
registration
forms
of
applicants,
statements
requisite
for
the
launch
of
respective
Ether-based
ETFs
on
their
respective
stock
exchanges,
including
the
NASDAQ,
New
York
Stock
Exchange,
and
Chicago
Board
Options
Exchange
(Cboe).

It’s
official:
Spot
Eth
ETFs
have
been
made
effective
by
the
SEC.
The
424(b)
forms
are
rolling
in
now,
the
last
step
=
all
systems
go
for
tomorrow’s
930am
launch.
Game
on.

pic.twitter.com/9MaBDBA8co

—
Eric
Balchunas
(@EricBalchunas)

July
22,
2024

The
issuers
of
the
launched
spot
Ether
ETFs
include

BlackRock, Fidelity,
21Shares,
Bitwise,
Franklin
Templeton, VanEck, and
Invesco
Galaxy.
The
decision
comes
two
months
after
the regulator

approved
the
eight
applicants’
19b-4
applications.

Based
on
analysts’
recent
predictions,
the
spot
ETH
ETFs
could
attract
between
$3
billion
and
$4
billion
in
inflows
within
the
first
six
months
of
launch.

Some
traders
are
anticipating
a
rally
in
the
Ethereum
price
to
a
new
all-time
high
of
around
$5,627,
fueled
by
new
capital
inflows.

????????
Wintermute’s
recent
report
suggests
that
demand
for
Ethereum
(ETH)
spot
ETFs
may
fall
short
of
market
expectations.
Projected
fund
inflows
range
from
$3.2-4
billion,
only
15-20%
of
Bitcoin
spot
ETF
inflows.
Key
obstacles
include
the
exclusion
of
staking
options
and
the
lack…

—
BitcoinWorld
Media
(@ItsBitcoinWorld)

July
22,
2024

Ethereum
Price
Prediction
As
Spot
Ether
ETFs
Go
Live

The
Ethereum
price
underperformed
on
news
that
the
eight
spot
ETH
ETFs
will
begin
trading
today.
To
some,
it
was
a
‘buy
the
rumor
sell
the
news’
situation,
which
explains
the
slight
drop
in
the
Ethereum
price.

Nevertheless,
not
all
is
lost,
given
the
Ethereum
price
continues
to
hold
well
above
the
50%
Fibonacci
placeholder
of
$3,395.
As
long
as
this
support
level
holds,
the
Ethereum
price
could
make
a
move
north.
The
Relative
Strength
Index
(RSI)
is
also
well
above
the
mean
level
of
50,
suggesting
the
bulls
have
the
upper
hand
and
are
leading
the
ETH
market.

Moreover,
the
Moving
Average
Convergence
Divergence
(MACD)
is
also
in
positive
territory,
holding
well
above
the
signal
line
(orange
band).
This
shows
buying
pressure
is
more
than
selling
pressure.

If
the
buyers
have
their
way,
the
Ethereum
price
could
break
above
the
upper
boundary
of
the
wedge,
which
connects
the
lower
highs.
Such
a
move
would
inspire
more
buyers,
potentially
driving
the
Ethereum
price
further
north.

In
a
highly
bullish
case,
the
gains
could
extrapolate
for
the
Ethereum
price
to
reclaim
the
peak
of
the
market
range
at
$3,965.
This
level
was
last
tested
on
May
27.

GeckoTerminal:
ETH/USD
1-day
chart

Conversely,
the
Ethereum
price
could
extend
the
fall
if
the
50%
Fibonacci
placeholder
gives
way
as
a
support
floor.
Nevertheless,
the
bullish
thesis
would
only
be
invalidated
upon
a
candlestick
close
below
$2,826.

Meanwhile,
as
the
Ethereum
price
works
out
the
next
directional
bias,
crypto
YouTuber
Jacob
Bury
is
recommending
that
investors
consider
The
Meme
Games
(MGME),
a
new
presale
that’s
raised
more
than
$224k
in
less
than
a
week.

Bury
says
the
token
could
explode
10X
after
its
launch.

Promising
Alternative
To
Ethereum

The
Meme
Games
is
a
gamified
meme
token
comprising
popular
crypto
meme
coin
characters
who
reward
presale
buyers
with
bonuses
for
winning
events.
The
project
aims
to
capitalize
on
the
hype
surrounding
the
upcoming
Olympic
Games
in
Paris.

Meeting
users
where
Degen
meme
coin
mania
meets
the
spirit
of
the
2024
Olympics,
the
project
brings
an
exhilarating
fusion
of
the
competitive
spirit
of
the
Olympics
and
the
vibrant,
fun-filled
world
of
meme
coin
culture.

As
a
token
holder,
you
can
pick
your
favorite
meme
characters
and
watch
them
compete
for
gold
to
multiply
your
holdings.
The
native
token,
$MGME,
is
your
ticket
to
glory
in
the
meme
coin
ecosystem.

Participants
in
The
Meme
Games
presale
can
choose
between
Dogecoin,
Pepe,
DogWifHat,
Brett,
and
Turbo
and
watch
them
race
for
a
chance
to
claim
a
25%
bonus
on
their
initial
purchase.

Additionally,
you
stand
to
earn
passive
income
from
the
project’s
staking
mechanism.
You
can
easily
purchase
and
stake
$MGME
to
earn
a
stratospheric
annual
percentage
yield
(APY)
of
1,144%.

You
can
buy
$MGME
tokens
for
$0.00905
each.
With
a
price
hike
coming
in
just
over
three
days,
buy
soon
to
lock
in
the
best
deal.
Buy
now
to
win
a
25%
bonus
on
your
investment.

Visit
and
buy
The
Meme
Games
here.

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