Ethereum

Bitcoin

James

<ul>
 <li>Ethereum’s recovery rally shows a price jump in the last 48 hours, with $52M in short-side liquidations.</li>
 <li>The weekly chart reveals a failed double top formation.</li>
 <li>The increasing likelihood of an Ethereum ETF listing on July 15 could act as a catalyst for a bull run.</li>
</ul>
<p><a href="https://thenewscrypto.com/?s=Ethereum" target="_blank" rel="noopener noreferrer nofollow">Ethereum’s</a> recovery rally has gained momentum, with the price jumping in the last 48 hours, as Bitcoin sustains its position above the crucial $56,000 support level. The recent surge in <a href="https://thenewscrypto.com/?s=Eth" target="_blank" rel="noopener noreferrer nofollow">ETH’s </a>price, coupled with $52M in short-side liquidations, suggests that the bearish grip on the Ethereum price trend is loosening.</p>
<p>With the market anticipating a bull run in ETH, the hopes of a bullish rally to a new all-time high have resurfaced. This raises the question: Will the Ethereum price prediction of reaching $10,000 come to fruition, or will this crash lead to a revised market prediction?</p>
<h2 class="wp-block-heading" id="h-ethereum-price-performance-analysis"><strong>Ethereum Price Performance Analysis</strong></h2>
<p>Boasting a market capitalization of $368 billion, Ethereum stands tall as the largest altcoin and the second-biggest cryptocurrency, second only to Bitcoin.&nbsp;</p>
<p>The weekly chart reveals an interesting price action for Ethereum, with a failed double top formation and a neckline at $2,844, which coincides with the 50% Fibonacci retracement level.</p>
<p>The broader cryptocurrency market recovery teases the possibility of a massive jump in the altcoin segment. Moreover, with the increasing likelihood of an Ethereum ETF listing this month, as per Bloomberg analyst James Seyffart, the ETH price is poised for a significant boost in the coming weeks.</p>
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   <p lang="en" dir="ltr">Also want to add. I have fairly low confidence in those launch date predictions at this point. Theres no deadline &amp; SEC's Corp Fin is taking their time here (I dont blame them). But these changes were very minimal and idk why the ETFs wouldn't be ready to go within a couple weeks</p>— James Seyffart (@JSeyff) <a href="https://twitter.com/JSeyff/status/1808580691396825113?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">July 3, 2024</a>
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<p>As the anticipation of a broader market recovery grows stronger, ETH’s price is on the verge of a substantial recovery. The increasing likelihood of an ETH ETF getting listed on July 15 could further fuel the upcycle, providing additional momentum to the bull run.</p>
<p>As the market anticipates a bull run in Ethereum, the question of whether ETH will reach the coveted $10,000 mark remains at the forefront of investors’ minds.&nbsp;&nbsp;</p>

Ethereum Price Surges as Market Anticipates ETF Listing, Will ETH Reach $10,000?

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