Ethereum
Can Ethereum [ETH] Did you hit $3,500 this weekend?
Over the past seven days, Ethereum [ETH] ETH has dropped by 7%. The largest altcoin has suffered a similar blow to the rest of the market. At press time, ETH was trading at $3,090.81 with a daily gain of 0.33%. During its recent rally, the community expected ETH to revisit its all-time high of $4,891.70. But things did not go as expected. The real question is whether Ethereum will continue to trade at its current level or will see an upgrade to $3,500 this weekend.
Changelly has revealed that Ethereum will indeed have a bullish week. The altcoin is expected to reach a high of $3,172.27 after surging 2.85% from its current levels. Although the altcoin is still far from the $3,500 zone, the coming days could see the ETF reach its milestone.
Factors such as market sentiment, regulatory concerns and the launch of exchange-traded funds [ETFs] could increase the price of Ethereum.
Also read: Upbit Lists Ethereum Name Service: A Market Impact Analysism
Will Ethereum ETFs hit the market sooner than expected?
The Securities and Exchange Commission [SEC] and potential ETF issuers are arguing over “fewer and fewer” concerns in S-1 filings, according to Katherine Dowling, chief compliance officer at Bitwise. Currently, there are eight spot Ether ETFs on the market. But Dowling also notes that the exact date is not yet known. said,
“We’re seeing less and less scrutiny of S-1 amendments between issuers and the SEC. So all the indications are that we’re close to the end. We’re close to the finish line of launch.”
Details about the issuer and the securities it wishes to offer are included in the Form S-1. Once authorized, Ethereum ETFs can be offered for sale.
Also read: Ethereum ETF: Expert predicts official launch in next two weeks