The cryptocurrency market is abuzz with discussions on the potential impact of an ETF approval for Ethereum (ETH). Analysts believe that ETH's performance is closely tied to the approval of a US ETF, with speculations on a significant alt season if approved. Recent market movements show ETH gaining momentum against Bitcoin (BTC), with indicators like RSI and MACD signaling bullish trends. ETH's price surge has led to optimistic predictions, including a potential rise to $10,000 and anticipation for an ETH spot ETF approval in May.
$ETHBTC 1W Everyone's favorite ticker atm 3 Major levels of interest here, thinking it probably takes a bit more time for clarity especially around June 2022 swing low Potentially more rotation into ETH near term $ETH 1W Given with pair vs pair things, for ETH to truly… https://t.co/F4XsRyaGFY
#Bitcoin is consolidating now. ETH is pumping hard against Bitcoin after a long time which shows that money is flowing from BTC to ETH. IF ETH spot ETF gets approved in May, ETH price will explode to $4,500+. Altseason 2.0 is also coming soon 🔥 https://t.co/StwEjQwQGJ
is ETH spot ETF rejection priced in?
ETH/BTC chart is signaling a potential strong momentum ahead, i.e. the full-blown altseason might be on the horizon. - $ETH is trailing behind $BTC as it hasn't hit ATH yet - On-chain activity has dropped significantly... 5-10 gwei Since October, altcoins have been gradually… https://t.co/0lKZT0XwQy
Eth moves a few % and the entire timeline is calling for $10k lol I love it
Eth moves a few % and the entire timeline is calling for for $10k lol I love it
When $ETH ETF? https://t.co/idE5LmIioF
ETH IS WAKING UP 📈 https://t.co/NyiZzItmG3
One day we will wake up to $10,000 $ETH I HOPE 😭 https://t.co/UsgrSFxj6h
“ETH looks great here. ETH season next” https://t.co/PC0gYzxNYd
Crypto is down $ETH is up https://t.co/WiUrw20F37
$ETH wif hat
$eth and even eth/btc showing some serious strength today. https://t.co/FdNoUh5ltF
Crypto update: #Bitcoin 63360 -0.91% #BitcoinCash 475 -2.80% #Ether 3237 +3.00% #Crypto10Index 16890 +0.25% #Solana 142.7 +0.05%
$ETH starting to perk up 🥹
ETH IS PUMPING HARD 🚀 ETH SPOT ETF FOMO IS HERE 🔥 SEND IT TO $4,000 !! https://t.co/r58tnyjFBW
wen you realize eth/btc is pumping aggressively https://t.co/14Xo9y4LG4
$ETHBTC with the most significant move on the daily in weeks, let's see if bulls can confirm the first weekly up trend in over a year into this Summer: I would also need BTC.D to break this rising wedge for confidence in the longer term setup. https://t.co/tdjTDbIWQT
ETHBTC shows a distinct bullish divergence, whereas SOLETH displays a clear bearish divergence, both observed on the weekly timeframe. This serves as compelling evidence that $ETH is gaining momentum.
$ETH/usdt DAILY You only see bullish charts this perfect in a bull market. Now study what happened to price the last time RSI was in the mid 30's 🤌🚀 https://t.co/AW0Qbfpcgr
$ETHBTC's RSI has broken a two-year downtrend and is currently back testing previous downtrend resistance, reminiscent of the 2019 bottom reversal. Additionally, there is a clear weekly bullish divergence evident in both RSI and MACD. Consider this as free alpha for you. https://t.co/gfUFbBT07i
🟥 Things I’m looking at today 🟥 Crypto dips again, Yen worries spread, DTCC rules out BTC collateral Crypto * BTC: 63.1k (-2%), ETH: 3145 (+1%), SOL: 139 (-3%) * Top 100 gainers: MKR, XT, IMX, TRX * Crypto dips with ETF outflow again, ETH outperforms * BTC technical support… https://t.co/a5rH2aish5
after a year+ of ethbtc down only, these sorts of "wow big relative strength for eth" posts are getting genuinely comical. and i say that holding a lot of eth. 4/27/24's "ETHBTC reversing" is happening here, a 1% up move barely visible among infinite temporary pumps that reverse: https://t.co/zqcL5fLCyV https://t.co/GwBreXeV6m
$ETH holding better, $ETHBTC reversing, $SOLETH nuking. Smart money is rotating to $ETH
Crypto update: #Bitcoin 63086.4 -1.33% #Bitcoin Cash 472.6 -3.28% #Cardano 0.4573 -1.97% #Ether 3126.7 -0.51% #Litecoin 86.6 -1.96% #Crypto10Index 16594.4 -1.55% #Stellar 0.1127 -1.91% #EOS 0.8271 -1.54% #Solana 136.6 -4.3% #Dogecoin 14.6 -2.48%
The reasons why i think eth is best mkt beta now are relatively simple 1) anyone earning any tokens related to restaking is going to stack eth w it 2) btc inflow slowdown induces midterm swing traders to reposition at historically attractive lvls 3) sol must digest 2nd tranche
I think a # of folks think btc dom is peaking and we’re about to have a huge alt season. But I can’t think of a fundamental reason eth btc should reverse. My base case is we need US ETF approval for eth btc to have a sustainable reversal, which seems like August or a change…
What's the @SECGov's likely move on #ETH ETFs?