Ethereum

Solana

Note

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/analyst-predicts-ethereum-bull-run-after-etf-approval/" data-wpel-link="internal">Analyst Predicts Ethereum Bull Run After ETF Approval</a><br></p>
<p style="text-align: justify">After the approval process for the <strong>Ethereum</strong> ETF, attention returned to the market. The ETF was approved, causing significant price fluctuations. The initial drop followed by a recovery did not go unnoticed. During this period, a well-known analyst suggested that Ethereum (ETH) could start a major bull run if a scenario pointing to the <a href="https://newslinker.co" target="_blank" rel="noopener" data-wpel-link="exclude">near future</a> comes true.</p> 
<h2 id="ethereum-dollar-outlook-and-analyst-comments">Ethereum Dollar Outlook and Analyst Comments</h2> 
<p style="text-align: justify"><strong>Credible Crypto</strong>, an analyst, made important statements to his followers on X. He mentioned that Ethereum holding onto significant support in the hourly chart and Bitcoin (BTC) possibly falling below $60,000 could lead to a parabolic move.</p> 
<p style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-355441" src="https://coin-turk.com/wp-content/uploads/2024/05/ethereum-coin-turk-com.png" alt="" width="1036" height="614"></p> 
<blockquote> 
 <p>ETH is still holding this inverted resistance [around $3,300] as support, so it doesn’t look too bad right now. My primary scenario was BTC falling to $62,000-63,000, and I still think we will eventually drop, but for now, it looks good… If BTC reaches $62,000-63,000 and ETH is still holding above this area [above $3,360], it will likely be a very significant rise.</p> 
</blockquote> 
<p style="text-align: justify">Despite the ETF news, Ethereum’s price dropped more than 2% in the last 24 hours. After the drop, ETH continues to trade at $3,721. Meanwhile, Bitcoin is still finding buyers around $68,900, indicating a 2.85% increase.</p> 
<h2 id="solana-coin-commentary">Solana Coin Commentary</h2> 
<p style="text-align: justify">The analyst also noted that <a href="https://en.coin-turk.com/solana-captures-market-spotlight-with-remarkable-growth/" data-wpel-link="internal">Solana</a> (SOL) could experience a decline against Bitcoin if BTC pulls back to $62,000 and then starts an upward move again. He mentioned that a significant correction could occur for Solana, and <a href="https://finance.coin-turk.com/" data-wpel-link="exclude">investors</a> might redirect their capital to Bitcoin following its potential rise.</p> 
<blockquote> 
 <p>The scenario below explains how I currently see things with BTC and SOL. All this is triggered/comes into play with BTC falling to $62,000-63,000. Note that a simultaneous drop in SOL and rise in BTC could occur due to the SOL/BTC chart looking like a distribution top… Looking at SOL in the context of this [SOL/BTC] chart, this makes sense.</p> 
</blockquote> 
<p style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-355442" src="https://coin-turk.com/wp-content/uploads/2024/05/bitcoin-coin-turk-com-1.png" alt="" width="1034" height="605"></p> 
<p style="text-align: justify">Looking at the SOL/BTC pair, the price is seen finding buyers around 0.00245 BTC ($167), indicating a roughly 3% drop in the last 24 hours.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/analyst-predicts-ethereum-bull-run-after-etf-approval/" data-wpel-link="internal">Analyst Predicts Ethereum Bull Run After ETF Approval</a></h5>

Analyst Predicts Ethereum Bull Run After ETF Approval

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