Ethereum ETF Approval Likely Imminent
Matrixport indicates a high probability that the U.S. SEC will approve spot Ethereum ETFs this week. The approval process is expected to mirror the swift clearance of 19-b filings in May, with major institutions like BlackRock, Fidelity, and Grayscale preparing S-1 submissions. Analysts suggest this could trigger a 2x rally in ETH prices, driven by institutional demand.
The SEC postponed the launch briefly for minor revisions, setting a July 8 deadline for amended S-1 filings. Nate Geraci of ETFstore noted only "fine-tuning" adjustments, predicting trading could begin within two weeks of approval. Bloomberg analysts speculate a launch as early as July 15.
Ethereum Price Predictions Post-ETF
Short-Term Outlook
- Matrixport: Projects ETH could surge to $3,400 post-approval, citing a 20% historical rally after 19-b filings.
- Key Levels: Support at $2,900**; resistance at **$3,100. Breaking $3,100 may signal a strong recovery.
Long-Term Bullish Targets
- Bernstein: Sets a $6,600 target, comparing ETH’s potential to Bitcoin’s post-ETF performance. Institutional inflows and market sentiment are critical drivers.
Market Snapshot
- Current Price: $3,068 (+2% in 24h).
- Trading Volume: Up 57%, reflecting heightened speculation.
👉 Track real-time ETH price movements here
FAQs
1. When will Ethereum ETFs start trading?
Approval could come by July 8, with trading likely within two weeks (around July 15–22).
2. How high could ETH go after ETF approval?
Short-term: $3,400; long-term: $6,600 (per Bernstein).
3. What’s the biggest risk to Ethereum’s price?
Delays in SEC approvals or broader market downturns could dampen momentum.
Why This Matters
The Ethereum ETF approval is a pivotal moment, potentially reversing bearish trends and attracting institutional capital. Conversely, setbacks may erode confidence.
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What’s your ETH price prediction post-ETF? Share your insights below!
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