Following a 3% increase, Ethereum's Price Analysis shows that ETH has rebounded, with concerns over Spot ETFs easing.

Quick Summary:

Ethereum Price Analysis: After a significant surge on Monday, Ethereum traded sideways for the remainder of the week.

This lo of momentum was likely due to the realization that ETF issuers must wait for the approval of their S-1 registration statements before trading can begin, which could take several weeks or even months.

A potential breakout will accelerate the bullish momentum and chase a potential target of $4500, followed by $4900.

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Article Details

Author / Journalist: Sahil Mahadik

Category: Crypto

Markets: India

Topics: Ethereum (ETH) Ethereum Price Analsysis Price Analysis

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-05-26 @ 20:18:30 (1 months ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 298 words

Reading Time: 2 minutes read

Sentences: 28 lines

Sentence Length: 11 words per sentence (average)

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Copyright Owner: © CoinGape

News ID: 21094911

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Main Topics: Crypto

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