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Shiba Inu

<ul> 
 <li>ETH ETF approval is finally confirmed and the crypto market is celebrating.</li> 
 <li>Many expect more altcoin ETFs to flood the market soon.</li> 
 <li>One analysts predicts ETH price at $6,000 as the year-end price top.</li> 
</ul> 
<p>The highly anticipated wait for ETH ETFs to be approved early has been worth it, as of earlier today <a href="https://cryptonewsland.com/approval-of-spot-eth-etf-signals-regulatory-shift/" target="_blank" rel="noreferrer noopener">ETH Spot ETFs are confirmed</a>. According to the US regulator, ETH is now recognized as a commodity and financial institutions will embrace this listing.</p> 
<p>Indeed, much like the BTC ETF success, the ETH ETFs will also bring in a massive influx of funds and value into the crypto market. But when will this influx come in and what can be expected for other altcoins, especially the ETH-based tokens and their price?</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
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   <p lang="en" dir="ltr"><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f6a8.png" alt="🚨" class="wp-smiley" style="height: 1em; max-height: 1em;"> Ethereum ETF Approved! <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f6a8.png" alt="🚨" class="wp-smiley" style="height: 1em; max-height: 1em;"><br><br>So what does this mean for <a href="https://twitter.com/hashtag/Ethereum?src=hash&amp;ref_src=twsrc%5Etfw">#Ethereum</a>, <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a>, and the rest of the Altcoins?<br><br>I’ll break down what we know so far, go over some ETH Technical Analysis, and drop my Ethereum price prediction for the end of the year.<br><br>The Crypto Bull Run continues<img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f402.png" alt="🐂" class="wp-smiley" style="height: 1em; max-height: 1em;">…</p>— VirtualBacon
   <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f987.png" alt="🦇" class="wp-smiley" style="height: 1em; max-height: 1em;">
   <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f50a.png" alt="🔊" class="wp-smiley" style="height: 1em; max-height: 1em;"> (@VirtualBacon0x) <a href="https://twitter.com/VirtualBacon0x/status/1793757765552247123?ref_src=twsrc%5Etfw">May 23, 2024</a>
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<p>One analyst and crypto investor breaks down his expectations for what to expect next after the ETH ETF has been approved. First, he marks this milestone a game changer for the crypto market saying Ethereum’s classification was still not clear unlike that of XRP. Thus, the approval will boost confidence for ETH holders and other altcoins in the US market</p> 
<p>Initially, the SEC marked the SEC as a security along with many other tokens long after its battle with XRP began. Now, ETH ETFs have been approved which means ETH cannot have been a security. This paves the way for substantial institutional investment.</p> 
<p>However, if other digital assets like SOL, ADA, and others are still being targeted by the SEC, then this milestone will add more fuel to the ETHGate conspiracy. It also raises questions to which ETF will be approved next, some analysts hope it will be XRP others believe <a href="https://cryptonewsland.com/eth-etf-anticipation-raises-hope-for-next-altcoin-etf-proposal-analyst-eyes-dogecoin-doge-as-next-likely-option/" target="_blank" rel="noreferrer noopener">Dogecoin (DOGE) ETFs are the next most likely option</a>.</p> 
<p>The analyst goes on to list why the community was optimistic about ETH ETF approval. This is no doubt because of the demand from BlackRock and Grayscale who were adamant supporters of ETH ETF approvals.&nbsp;</p> 
<p>He then mentions his <a href="https://coinmarketcap.com/currencies/ethereum/" target="_blank" rel="noreferrer noopener nofollow">ETH price</a> prediction during the second half of the year, but not for the cycle top. He says $6,000 could likely be the year end value for Ether (ETH). However, this is more likely only if <a href="https://coinmarketcap.com/currencies/bitcoin/" target="_blank" rel="noreferrer noopener nofollow">Bitcoin (BTC)</a> hits $100,000 by the end of the year.</p> 
<h4 class="wp-block-heading" id="h-read-also">Read Also</h4> 
<ul class="wp-block-yoast-seo-related-links">
 <li><a href="https://cryptonewsland.com/shiba-inu-price-swings-will-it-jump-40-by-year-end/">Shiba Inu Price Swings: Will It Jump 40% by Year-End?</a></li>
 <li><a href="https://cryptonewsland.com/how-xrps-past-could-shape-a-1000-future-by-year-end-2024/">How XRP’s Past Could Shape a $1,000 Future by Year-End 2024</a></li>
 <li><a href="https://cryptonewsland.com/approval-of-spot-eth-etf-signals-regulatory-shift/">SEC Approves SPOT ETH ETF, Recognizing ETH as Commodity</a></li>
 <li><a href="https://cryptonewsland.com/ethereum-spot-etf-may-not-be-approved-eth-price-drops-6/">Ethereum Spot ETF May Not Be Approved, ETH Price Drops 6%</a></li>
 <li><a href="https://cryptonewsland.com/bullish-early-eth-etf-approval-fuels-eth-price-rally-following-us-secs-request-for-exchanges-to-update-filings/">Bullish Early ETH ETF Approval Fuels ETH Price Rally Following US SEC’s Request for Exchanges to Update Filings</a></li>
</ul>         
<p>The post <a href="https://cryptonewsland.com/eth-etf-approved-what-does-this-mean-for-the-crypto-market-and-when-will-eth-make-new-ath-this-cycle/">ETH ETF Approved, What Does This Mean for the Crypto Market and When Will ETH Make New ATH This Cycle?</a> appeared first on <a href="https://cryptonewsland.com">Crypto News Land</a>.</p>

ETH ETF Approved, What Does This Mean for the Crypto Market and When Will ETH Make New ATH This Cycle?

Crypto News Land

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