Ethereum

Bitcoin ETF

Bitcoin

Significant developments for Ethereum (ETH) holders unfolded this month with the submission of official Ethereum ETFs to the U.S. SEC for consideration.&nbsp; 
If approved, it could reshape Ethereum’s landscape by facilitating institutional investment.&nbsp; 
Meanwhile, investors are actively participating in the Meme Mogul (MGLS) presale, a project aspiring to become a meme-backed stock market/exchange. 
<h2 class="wp-block-heading" id="ethereum-remains-bullish">Ethereum remains bullish</h2> 
Ethereum has been underperforming compared to other top cryptos like Bitcoin (BTC) and Solana (<a href="https://crypto.news/solana-ecosystem-projects-for-exploration-in-2024/" data-type="post" data-id="14219331">SOL</a>). However, the recent surge of ETF filings has rekindled interest in the second-largest coin. 
Analysts predict that Ethereum could finally break above the $2,100 resistance level and reach $2,500 this November, representing a 22% increase from its current price of $2,045.&nbsp; 
The approval of the first spot Bitcoin ETF would signal a growing consensus that an Ethereum ETF is also likely to be approved, potentially triggering a bull market. 
 You might also like: <a href="https://crypto.news/nearly-6-5b-in-bitcoin-and-ethereum-options-are-set-to-expire/"> Nearly $6.5b in Bitcoin and Ethereum options are set to expire </a> 
However, surpassing the $2,500 mark will be challenging, as Ethereum has faced strong resistance at this level since May 2022. Even so, a breach of this resistance could pave the way for a significant rally, with some analysts predicting a potential all-time high of $5,000 by the end of 2024. 
Another bullish factor for Ethereum is the upcoming EIP-4844 upgrade, which will further reduce gas fees. While layer-2 protocols have already improved transaction costs, EIP-4844 is expected to take this to the next level. For instance, Optimism gas fees might drop from $0.38 to $0.040 once this proposal goes live. 
With an ETF on the horizon, a favorable technical setup, and fundamental developments, Ethereum could reach $2,500 this month.&nbsp; 
<h2 class="wp-block-heading" id="investors-looking-at-meme-mogul-presale">Investors looking at Meme Mogul presale</h2> 
<figure class="wp-block-image">
 <img decoding="async" src="https://lh7-us.googleusercontent.com/j8INQhKx_gpprU3EgjD0z6LPPXnK7Rkl4b-F5bBw1qF7NAqEVlHxUew_NLN1aJCNcxTNPM5mtVabQxvmJ8uE5tYB3SjY2E6C15pC2mIMt4vdBnZfJiABeLyfk-ZSUV4BfGJR8ahDSdebYr1K0i5U3yA" alt="Ethereum may retest $2,500, investors dig into Meme Moguls presale - 26">
</figure> 
Amid Ethereum’s potential price surge,&nbsp;<a target="_blank" href="https://pr.mememoguls.com/13sh35" rel="noreferrer noopener">Meme Mogul</a>, a meme-backed stock market, has garnered investor attention with its recent presale launch.&nbsp; 
The platform facilitates meme trading akin to traditional stock markets, aiming to tap into the rising influence of memes in society.&nbsp; 
 You might also like: <a href="https://crypto.news/spot-bitcoin-etf-news-driving-prices-chainlink-meme-moguls-and-xrp-may-benefit/"> Spot Bitcoin ETF news driving prices, Chainlink, Meme Moguls, and XRP may benefit </a> 
Meme Moguls has sold millions of MGLS in the ongoing presale. With MGLS trading for $0.0019, traders expect more gains in the months ahead. 
The Meme Moguls ecosystem includes Moguls Casino, Meme Moguls Fantasy Trader, and Mogul Land, offering rewards and entertainment.&nbsp; 
Additionally, MGLS holders have access to staking, voting rights and can participate in presale giveaways.&nbsp; 
With a memecoin market cap at $17 billion, some analysts expect MGLS to rise in tandem. 
<a href="https://pr.mememoguls.com/13sh35" target="_blank" rel="noreferrer noopener">Visit Meme Moguls</a> 
 You might also like: <a href="https://crypto.news/crypto-winter-over-cardano-meme-moguls-and-fantom-rallying/"> Crypto winter over, Cardano, Meme Moguls, and Fantom rallying </a> 
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Ethereum may retest $2,500, investors dig into Meme Moguls presale

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