Ethereum

<ul><li>Ethereum eyes reclaiming 200-day EMA amid ETF anticipation and pivotal economic indicators impacting the crypto market.</li><li>ETH support at $3,000 and $2,900, resistance at $3,300 and $3,600, crucial for price trend amid bearish continuation.</li><li>RSI neutral at 49.40, MACD signals downward pressure, ETH trading at $3,083.69 with 0.93% daily increase.</li></ul>Ethereum (ETH) is currently making headlines as it attempts to reclaim the 200-day exponential moving average (EMA) after recently hitting new lows. As highlighted by <a href="https://x.com/CryptoJelleNL/status/1810590822640890215" rel="noopener noreferrer nofollow">CryptoJelle</a>, an analyst, S-1 filings for cryptocurrency<a href="https://cryptotale.org/analysts-predict-ethereum-surge-with-upcoming-etf-launches-boosting-optimism/" rel="noopener noreferrer nofollow"> ETFs</a> have recently surged, marking another critical step towards these financial products going live. Among the anticipated ETFs, the Ethereum ETF is projected to start trading on July 15th, which could significantly influence Ethereum&#39;s price dynamics.<img src="https://lh7-us.googleusercontent.com/docsz/AD_4nXcL6qRrDc-ZttrGzqhJyg7NHovCSfciUAAzAOJwCyzreqmsTV5xb-VfKmRxkLDz25rNu2a0O8vaWxKhupL1Uyf00NKo-pUOfwFDF6wilZaueNq6s2saui0V1m8kzYbqDcxzrVkX8Saeu4GIAjWvceaKOuMZ?key&#61;1ZV4t9dtMazwbTK9rAzibg" />According to <a href="https://x.com/CryptoMichNL/status/1810569580558831958" rel="noopener noreferrer nofollow">Michaël van de Poppe</a>, CIO &amp; Founder of MN Trading Consultancy, this week market participants are also closely watching Jerome Powell&#39;s testimony on policy and the release of new Consumer Price Index (CPI) and Producer Price Index (PPI) data. These economic indicators will have a substantial impact on Yields and the US Dollar Index (DXY), further influencing the crypto market.<a href="https://cryptotale.org/bitcoin-slips-below-57k-crypto-market-struggles-amidst-market-sentiment-fears/" rel="noopener noreferrer nofollow">Read more on CryptoTale.</a>Visit the links for more information <a href="https://cryptotale.org/" rel="noopener noreferrer nofollow">Website</a> | <a href="https://twitter.com/cryptotalemedia" rel="noopener noreferrer nofollow">Twitter </a>| <a href="https://t.me/cryptotale_news" rel="noopener noreferrer nofollow">Telegram </a>| <a href="https://www.instagram.com/cryptotalenews/" rel="noopener noreferrer nofollow">Instagram </a>|

Ethereum Faces Critical Test as ETF Launch Date Approaches

CryptoTale

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