Ethereum Price Slumps 3% As The SEC Delays Galaxy ETH ETF Decision To July And This AR/VR Crypto Closes On $6 Million

The
Ethereum
price
has
dipped
3%
in
the
past
24
hours
to
trade
for
$3,096
as
of
06:33
a.m.
EST
on
trading
volume
that
soared
46%.

One
bearish
fundamental
for
the
Ethereum
price
is
the
move
by
the
US
Securities
and
Exchange
Commission
(SEC)
to
delay
a
decision
on
the
Invesco
Galaxy
Ethereum
spot
ETF
application
until
July
5.

JUST
IN:
SEC
DELAYS
DECISION
ON
INVESCO
&
GALAXY
SPOT

$ETH
ETF

—
BSCN
Headlines
(@BSCNheadlines)

May
6,
2024

The
delay
is
a
reminder
of
remarks
by
MicroStrategy
founder
Michael
Saylor
in
a
webinar
on
May
2,
when
the
Bitcoin
advocate
and
major
investor
said
that
XRP,
ETH,
BNB,
SOL,
and
ADA
will
never
be
wrapped
by
a
spot
ETF
accepted
by
Wall
Street
or
mainstream
institutional
investors
as
crypto
assets

#Bitcoin
–
There
is
No
Second
Best

pic.twitter.com/PLDgwGwF9J

—
Michael
Saylor⚡️
(@saylor)

May
2,
2024

The
webinar
attracted
a
backlash
in
the
community
as
some
said
Saylor
only
cares
about
his
company’s
bottom
line.

Ethereum
Price
Prediction

The
Ethereum
price
is
trading
with
a
bearish
bias
but
has
a
bullish
reversal
pattern
up
its
sleeve
as
it
consolidates
within
a
falling
wedge
pattern.
This
technical
formation
is
characterized
by
a
contracting
range
in
prices
coupled
with
an
upward
trend
in
prices.

As
long
as
the
$2,900
level
continues
to
hold
as
a
support
floor,
the
bullish
reversal
pattern
remains
valid.
With
the
Relative
Strength
Index
(RSI)
showing
a
steady
sequence
of
higher
lows,
the
upside
potential
is
viable.
Increased
buying
pressure
could
see
the
Ethereum
price
make
a
26%
climb
to
the
target
objective
of
the
pattern
at
$4,083.

Traders
looking
to
take
long
positions
on
ETH
should
probably
wait
for
a
candlestick
close
above
$3,406,
as
this
would
confirm
the
breakout.

TradingView:
ETH/USDT
1-day
chart

On
the
other
hand,
with
the
Awesome
Oscillator
(AO)
still
in
negative
territory,
the
market
could
lean
toward
the
bears.
If
seller
momentum
increases
to
plunge
ETH
below
the
$2,900
support,
it
would
invalidate
the
bullish
thesis.

With
ETH’s
bearish
bias,
some
investors
might
want
to
consider
investing
in
5SCAPE,
an
AR/VR
crypto
that
is
closing
on
$6
million
in
its
ICO.
Analysts
and
Crypto
YouTubers
such
as
Michael
Wrubel
are
bullish
about
this
token.

Promising
Alternative
To
Ethereum

5SCAPE
is
the
blockchain
token
for
the

5th
Scape
ecosystem,
a
gateway
to
the
next
big
thing
of
the
decade.
Cognizant
that
Virtual
Reality
(VR)
is
the
future,
with
institutions
of
higher
learning
recognizing
this
fact,
this
project
looks
to
unlock
the
limitless
potential
of
the
virtual
realm.

????
Unlock
new
dimensions
with
5th
Scape!
Dive
into
adrenaline-pumping
battles,
precision
archery,
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high-speed
racing—all
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the
limitless
virtual
realm.
Holding
5SCAPE
tokens
unlocks
exclusive
benefits
like
free
games,
discounts,
and
seamless
in-world
transactions.
The…

pic.twitter.com/LNO30KXRPW

—
5th
Scape
(@5th_scape)

April
20,
2024

Token
holders
enjoy
a
hyper-realistic
game
world
of
virtual
reality,
diving
into
a
diverse
array
of
gaming
experiences.
The
wealth
of
offerings
range
from
adrenaline-pumping
battles
to
precision
archery,
high-speed
racing,
and
immersive
sports.

????
Calling
all
VR
and
MMA
aficionados!
Get
ready
to
be
blown
away
as
5thScape
is
about
to
redefine
virtual
combat
with “MMA
Cage
Conquest”
–
a
game
that
thrusts
you
into
the
heart-pounding
world
of
MMA
in
VR.
????

????
Brace
yourselves
for
the “MMA
Cage
Conquest”
launch
on
the
Meta…

pic.twitter.com/MHbKgKHIxb

—
5th
Scape
(@5th_scape)

May
3,
2024

The
5th
Scape
VR
ecosystem
allows
the
Web3
sector
to
step
into
tomorrow
by
unleashing
the
next
wave
of
gaming
innovation
in
the
VR
sector.
This
is
the
industry’s
first
AR
and
VR
ecosystem
designed
to
connect
the
smartest
minds.

The
platform
is
committed
to
becoming
the
architect
of
alternative
realities
by
creating
an
integrated
system
complete
with
hardware
and
software.
Experts
such
as
Decrypt
Crypto
say
it
has
the
potential
to
become
the
next
100X
crypto
after
launch.

The
5th
Scape
VR
ecosystem
also
has
a
developer
center.
This
team
works
to
give
builders
access
to
the
right
resources
to
bring
their
worlds
to
life
and
unleash
a
new
wave
of
gaming
innovation.
You
can
become
an
early
adopter
in
this
budding
ecosystem
with
the
presale
still
active.

Hey

#5thScape
fam!
????
Just
dropping
by
to
share
some
epic
news:
our
dedicated
team
has
been
tirelessly
leveling
up
the
thrill
factor
in
our
latest
project!

????
Stay
tuned
for
the
most
cutting-edge
updates
and
enhancements
as
we
continue
to
redefine
what’s
possible
in
gaming.…

pic.twitter.com/qwrDZH5p4a

—
5th
Scape
(@5th_scape)

April
30,
2024

Buy
5SCAPE
In
The
Presale

So
far,
funds
raised
have
reached
upwards
of
$5.8
million
out
of
a
target
objective
of
$6.250
million.

????
5th
Scape
Presale
Stage
5
is
Now
Live!
????

????
Dive
into
the
virtual
frontier
with
5SCAPE
–
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experiences.
????

????
Hyper-Realistic
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????
Unlock
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Content#Cryptocurency#5thScape

pic.twitter.com/EFIJ4MgIs4

—
5th
Scape
(@5th_scape)

April
12,
2024

If
you
are
interested
to
buy
5SCAPE,
the
ticker
for
the
5thScape
ecosystem,
you
can
do
so
for
$0.00327
per
token
and
get
ahead
of
the
15%
increase
that
is
coming
soon.

Visit
and
buy
5SCAPE
here.

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