Ethereum

SOL ETF

Impact

The post <a href="https://coinpedia.org/price-analysis/crypto-market-news-today-impact-of-eth-etf-launch-on-ethereum-altcoins/">Crypto Market News Today: Impact of ETH ETF Launch on Ethereum &amp; Altcoins</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a> 
With the <a href="https://coinpedia.org/news/ethereum-etf-news-will-spot-eth-etfs-outperform-bitcoin-etfs/" target="_blank" rel="noreferrer noopener">Ethereum ETF starting to trade today</a>, the broader market anticipates a bull run in Ethereum and altcoins. Despite a recent 2.69% drop in ETH price, the hype is under the weather and warns of a potential slow start.&nbsp; 
Nevertheless, a potential positive inflow and the initial hype could increase Ethereum and altcoins this week. So, let’s take a closer look at the price analysis of Ethereum and other top altcoins likely to surge this week. 
<h2 class="wp-block-heading" id="h-ethereum-drop-before-etf-launch-will-eth-surpass-4-000">Ethereum Drop Before ETF Launch: Will ETH Surpass $4,000?</h2> 
With a bearish Monday, <a href="https://markets.coinpedia.org/ethereum/" target="_blank" rel="noreferrer noopener">Ethereum</a> starts the week with a 2.69% drop and tests the 50D EMA. In the short term, the sideways shift above the dynamic support hits the pause button on the 20% recovery rally from $2,880.&nbsp; 
<figure class="wp-block-image">
 <img decoding="async" src="https://lh7-us.googleusercontent.com/docsz/AD_4nXcfyCAkMIDTcf3gqlAk_rekklvmoIUm8D6MWuIHufJtFjmHpccHS1PLhFneeMaqjt2qsjIM8oM0Xp8WsOpglQw4dp5x11jHKfduWj4gOeuPVE4clQJCLm0HvSmdzszQHW85AMVkOTYLiSuTU6cHLGcw1bpe?key=Mj_wZzdk3OmsqgKw5mFaeg" alt="">
</figure> 
<a href="https://www.tradingview.com/x/6k6rB99n/">TradingView</a> 
Despite the bullish struggle to reach the overhead resistance trendline, Ethereum ETF trading today could pump the prices ahead. The MACD signal lines are losing the gap and warn of a bearish crossover.&nbsp; 
Considering the bull run picks up pace, the ETH price could surpass the overhead trendline and the 50% trend-based Fib level at $4,141. Optimistically, the bull run could reach $5,402 by the end of this week if the ETF net flow remains positive.&nbsp; 
<h2 class="wp-block-heading" id="h-solana-s-struggle-at-190-warns-price-drop">Solana’s Struggle At $190 Warns Price Drop</h2> 
With a double bottom reversal from $128, the <a href="https://coinpedia.org/price-prediction/solana-sol-price-prediction/" target="_blank" rel="noreferrer noopener">SOL price</a> is up by 37%, including the 4.70% decline from the $185 peak. The recovery rally in the SOL price teases an inverted head and shoulder with the neckline at $188. 
<figure class="wp-block-image">
 <img decoding="async" src="https://lh7-us.googleusercontent.com/docsz/AD_4nXcMcreIpUs1lhyGuz73jDz518odGIvN2NoMJRlEcielzVf8FhkP6DTRU_y-t3b40QWs6HkzdHDwifIwfmRezHJvAd5bwRrmANgGeX9gFacW6hNhSwdEQzCJkyP5gxOvcvp6La-iMHPjfd9Lmh_qOsyMFqC_?key=Mj_wZzdk3OmsqgKw5mFaeg" alt="">
</figure> 
<a href="https://www.tradingview.com/x/9S7u52ZG/">Tradingview</a> 
A potential breakout of the $190 peak will unleash the trapped momentum for a boost to $250. With the Ethereum ETF starting to trade today, the bull run in Solana could gain momentum as SOL ETF is the next likely altcoin ETF.&nbsp; 
Hence, in the coming weeks, Solana is likely to hit the $346 mark or the 2.618 Fib level.&nbsp; 
<h2 class="wp-block-heading" id="h-dogecoin-doge">Dogecoin (DOGE)</h2> 
With a bearish channel breakout, the <a href="https://coinpedia.org/price-prediction/dogecoin-price-analysis/" target="_blank" rel="noreferrer noopener">DOGE price</a> has surpassed the merged 50D and 200D EMA. Further, the recovery rally accounts for a 27% rise in the last 12 days. Currently, the meme coin retests the broken trendline and the dynamic supports.&nbsp; 
<figure class="wp-block-image">
 <img decoding="async" src="https://lh7-us.googleusercontent.com/docsz/AD_4nXe0NsB1GP67ZMUA-4fzFjz7hxfRCJs5dqZn2CMPDHPQtkJ-jzKxItpRgbSeT4eT03wBlh39AJS5uXHCBap20vvea92bplJPz6voKeK8qftesEoZt88xX0aAgOlP70Xd_EcfiwqPJTfvFBHzhbhzREhPwB-H?key=Mj_wZzdk3OmsqgKw5mFaeg" alt="">
</figure> 
<a href="https://www.tradingview.com/x/x8ICVmc6/">Tradingview</a> 
With a post-retest rally powered by broader market recovery, the meme coin could challenge the 50% trend-based Fib level at $0.1589. A potential golden crossover will fuel the breakout rally to hit the $0.24 mark in the coming weeks.&nbsp; 
Also Check Out: <a href="https://coinpedia.org/news/is-the-bull-run-starting-key-signs-point-to-a-crypto-surge/" target="_blank" rel="noreferrer noopener">Is the Bull Run Starting? Key Signs Point to a Crypto Surge</a>

Crypto Market News Today: Impact of ETH ETF Launch on Ethereum & Altcoins

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