Ethereum Analyst: Bulls Must Hold $2,500, Spot ETF To Catalyze Demand

Quick Summary:

Beyond the inflow from spot Ethereum ETFs, Vitalik Buterin thinks there has been positive progress that may prop up prices.

Ethereum Bulls Must Keep Prices Above $2,500 In a post on X, the analyst said that bulls must hold Ethereum above $2,500 for the uptrend to remain.

Impact Of Spot ETFs and Ecosystem Growth The leg up, the analyst added, would likely be driven by inflow into spot Ethereum ETFs.

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Article Details

Author / Journalist: Dalmas Ngetich

Category: Crypto

Markets: United KingdomKenya

Topics: Ethereum price Vitalik Buterin Ethereum trading ETH Ethereum Spot Ethereum ETFs ETHUSDT Ethereum

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-23 @ 00:00:45 (17 hours ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 371 words

Reading Time: 3 minutes read

Sentences: 74 lines

Sentence Length: 6 words per sentence (average)

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Copyright Owner: © NewsBTC

News ID: 22224014

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