Ethereum

Bitcoin ETF

Spot

<div class="cryptonews">
 <p class="is-style-lead">Significant developments for Ethereum (ETH) holders unfolded this month with the submission of official Ethereum ETFs to the U.S. SEC for consideration.&nbsp;</p>
 <p>If approved, it could reshape Ethereum’s landscape by facilitating institutional investment.&nbsp;</p>
 <p>Meanwhile, <a rel="noopener noreferrer nofollow" title="investors" href="https://thebittimes.com/tag/investors.html">investors</a> are actively participating in the Meme Mogul (MGLS) <a rel="noopener noreferrer nofollow" title="presale" href="https://thebittimes.com/tag/presale.html">presale</a>, a project aspiring to become a meme-backed stock market/exchange.</p>
 <h2 class="wp-block-heading" id="ethereum-remains-bullish">Ethereum remains bullish</h2>
 <p>Ethereum has been underperforming compared to other top cryptos like Bitcoin (BTC) and Solana (SOL). However, the recent surge of ETF filings has rekindled interest in the second-largest coin.</p>
 <p>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;</p>
 <p>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.</p>
 <div class="cn-block-related-link">
  <svg class="cn-block-related-link__icon icon" aria-hidden="true"><use xlink:href="#"></use>
  </svg> <span class="cn-block-related-link__prefix"> You might also like: </span> Nearly $6.5b in Bitcoin and Ethereum options are set to expire
 </div>
 <p>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.</p>
 <p>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.</p>
 <p>With an ETF on the horizon, a favorable technical setup, and fundamental developments, Ethereum could reach $2,500 this month.&nbsp;</p>
 <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://thebittimes.com/image/getimage/?url=https://lh7-us.googleusercontent.com/j8INQhKx_gpprU3EgjD0z6LPPXnK7Rkl4b-F5bBw1qF7NAqEVlHxUew_NLN1aJCNcxTNPM5mtVabQxvmJ8uE5tYB3SjY2E6C15pC2mIMt4vdBnZfJiABeLyfk-ZSUV4BfGJR8ahDSdebYr1K0i5U3yA" alt="Ethereum may retest $2,500, investors dig into Meme Moguls presale - 1">
 </figure>
 <p>Amid Ethereum’s potential price surge,&nbsp;Meme Mogul, a meme-backed stock market, has garnered <a rel="noopener noreferrer nofollow" title="investor" href="https://thebittimes.com/tag/investor.html">investor</a> attention with its recent <a rel="noopener noreferrer nofollow" title="presale" href="https://thebittimes.com/tag/presale.html">presale</a> launch.&nbsp;</p>
 <p>The platform facilitates meme trading akin to traditional stock markets, aiming to tap into the rising influence of memes in society.&nbsp;</p>
 <div class="cn-block-related-link">
  <svg class="cn-block-related-link__icon icon" aria-hidden="true"><use xlink:href="#"></use>
  </svg> <span class="cn-block-related-link__prefix"> You might also like: </span> Spot Bitcoin ETF news driving prices, Chainlink, Meme Moguls, and XRP may benefit
 </div>
 <p>Meme Moguls has sold millions of MGLS in the ongoing <a rel="noopener noreferrer nofollow" title="presale" href="https://thebittimes.com/tag/presale.html">presale</a>. With MGLS trading for $0.0019, traders expect more gains in the months ahead.</p>
 <p>The Meme Moguls ecosystem includes Moguls Casino, Meme Moguls Fantasy Trader, and Mogul Land, offering rewards and entertainment.&nbsp;</p>
 <p>Additionally, MGLS holders have access to staking, voting rights and can participate in <a rel="noopener noreferrer nofollow" title="presale" href="https://thebittimes.com/tag/presale.html">presale</a> giveaways.&nbsp;</p>
 <p>With a memecoin market cap at $17 billion, some analysts expect MGLS to rise in tandem.</p>
 <p>Visit Meme Moguls</p>
 <div class="cn-block-related-link">
  <svg class="cn-block-related-link__icon icon" aria-hidden="true"><use xlink:href="#"></use>
  </svg> <span class="cn-block-related-link__prefix"> You might also like: </span> Crypto winter over, Cardano, Meme Moguls, and Fantom rallying
 </div>
 <div class="cn-block-disclaimer">
  <div class="cn-block-disclaimer__icon">
   <svg class="icon icon-info" aria-hidden="true"><use xlink:href="#"></use>
   </svg>
  </div>
  <p class="cn-block-disclaimer__content">Disclosure: This content is provided by a third party. crypto.news does not endorse any product mentioned on this page. Users must do their own research before taking any actions related to the company.</p>
 </div> <span class="google-news-banner__label">Follow Us on Google News</span>
</div>
<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/ethereum-may-retest-2-500-investors-dig-into-meme-moguls-presale-tbt71609.html">https://thebittimes.com/ethereum-may-retest-2-500-investors-dig-into-meme-moguls-presale-tbt71609.html</a></p>

Ethereum may retest $2,500, investors dig into Meme Moguls presale

Table of Contents

TheBitTimes

Other articles published on Nov 25, 2023

Pyth Network (PYTH): A Promising Altcoin with Potential for 800% Growth

Hollywood Director Booked 575% Profit on Dogecoin Bet Funded With Diverted Netflix Budget: Report

Axie Infinity announces plans to launch its official merchandise

Altseason incoming? Altcoins broke out from this 3-year pattern

After the Rally in Bitcoin Price, MicroStrategy’s Shares Gain Momentum!

“Shaping the Financial Ecosystem of the Future” – Speech by Mr Ravi Menon, Managing Director, Mon...

Join our free newsletter for daily crypto updates!