ETH/SOL Price Forecast: Ethereum Price Eyes $4400 As 10 ETFs Launch Next Week

Quick Summary:

Ethereum price faces resistance and stalls at around the $3,500 mark on Thursday, while on-chain data indicates a rise in the cumulative amount of ETH staked, coupled with increased anticipation of the upcoming ten U.S.spot Ethereum ETF launch.Solana price is down 1.8% to $159.68 as market attention shifts to the Ethereum ecosystem.

ETH price made a nice recovery in a double-bottom trend reversal pattern following the recent market-wide crash.

The asset now seems to have formed an inverted head-and-shoulders pattern that may result in the price surging above $4,400 in a 27% move from its current price.

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Article Details

Author / Journalist: Evans Karanja

Category: Crypto

Markets: India

Topics: Ethereum price Price Analysis Solana Price Ethereum Price Prediction Solana Price Prediction

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-18 @ 11:23:36 (10 hours ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 495 words

Reading Time: 3 minutes read

Sentences: 45 lines

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Copyright Owner: © CoinGape

News ID: 21673804

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