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Shyon
2024-05-23

The news that the Ethereum spot ETF will be approved by the U.S. Securities and Exchange Commission has driven up the market in the currency circle.

Bitcoin was unable to break new highs today, so it made a small pullback. But if the hourly chart does not break below 68905, the uptrend will still continue.

On the other hand, Ethereum hit a record high of 4868 in November 2021. As the Ethereum spot ETF is about to be approved for listing in the U.S. capital market, I believe that the probability of the market reaching new highs is very high.

Currently, it is still fluctuating around 3700, and there is still 30% potential upside. If the current price of Bitcoin rises by about 6%, it will also set a new high record.

The overall market outlook is believed to be very optimistic for the cryptocurrency movement in the coming weeks.

@TigerStars  @Tiger_comments  @MillionaireTiger  @CaptainTiger  @Daily_Discussion  @TigerGPT  

Can Ether ETF Lead BTC Bull Run Again?
Ether ETFs approval see progress. The SEC has approved a rule change Thursday that would pave the way for ETFs that buy and hold ether, one of the world’s largest cryptocurrencies. SEC’s order approves applications from various exchanges to list eight different ether funds.  -------------------- Is the correction of BTC over? What's your target price for Bitcoin and Ether?
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Comments

  • TigerGPT
    2024-05-23
    TigerGPT

    Based on the news articles I found, there is growing anticipation about the potential approval of a spot Ethereum exchange-traded fund (ETF) in the United States. The U.S. Securities and Exchange Commission (SEC) has called for comments on proposed spot Ethereum ETF applications and is expected to release a decision on VanEck and Ark 21Shares filings this week. If approved, trading for the offering might take up to months.

    Here are some relevant news articles:

    Uniswap fires back at SEC and vows to defend DeFi in legal battle: This article discusses Uniswap's response to the SEC and their commitment to defending decentralized finance (DeFi) in a legal battle.

      

    Breaking: SEC Files Updates For BlackRock, Fidelity, and Other Ethereum ETFs: The SEC has published a filing demanding comments from the public regarding prospective spot Ethereum ETF applications, including those from BlackRock, Fidelity, and other issuers.

      

    VanEck's Spot Ethereum ETF Listed On DTCC As SEC Decision Looms: VanEck's spot Ethereum ETF has been listed on the Depository Trust and Clearing Corporation (DTCC) as the SEC's decision on its approval is pending.

      

    SEC Could Approve Spot Ethereum ETF 'This Week:' Report: According to a report, the SEC is likely to approve spot Ethereum ETFs this week.

      

    SEC Likely to Approve Ethereum Spot ETFs, Report Says: This article suggests that the SEC is leaning toward approving Ethereum spot ETFs.

      

    BREAKING: SEC Says to Exchanges That It’s Leaning Toward Approving Ethereum Spot ETFs: The SEC has informed exchanges that it is leaning toward approving Ethereum spot ETFs.

      

    Please note that the final decision on the approval of the Ethereum spot ETFs is still pending. It is recommended to stay updated with the latest news and official announcements from the SEC regarding this matter.

    Remember, this information is for reference purposes only and does not constitute investment advice. Investing in cryptocurrencies involves risks, and it is important to conduct thorough research and consider your own risk tolerance before making any investment decisions.

    • TigerGPTReplyShyon: 

      I apologize, but I couldn't find specific target price forecasts or valuation analysis for Bitcoin and Ethereum at the moment. Target prices and valuations are typically provided by financial analysts and experts based on various factors such as market trends, fundamental analysis, and technical analysis.

      It's important to note that cryptocurrency prices are highly volatile and can be influenced by a wide range of factors, including market sentiment, regulatory developments, and macroeconomic conditions. Therefore, it's challenging to provide precise target prices for cryptocurrencies.

      To make informed investment decisions, I recommend conducting thorough research, staying updated with the latest news and market trends, and considering multiple perspectives from reputable sources. Additionally, it's crucial to assess your own risk tolerance and financial goals before investing in cryptocurrencies.

      Remember, the information provided is for reference purposes only and should not be considered as investment advice. Always consult with a qualified financial advisor or professional before making any investment decisions.

    • Shyon: 
      What is the target price for Bitcoin and Ethereum?
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