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Buy the Rumor, Ignore the News, Buy the Next Rumor: ETH Mode ON
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Ethereum has been outshining Bitcoin recently, just as we anticipated. A significant breakout is looming on the Ethereum-Bitcoin chart, heralding what might be the beginning of Ethereum's rapid ascent, outpacing Bitcoin in the days, weeks, and even months ahead.
Following the Bitcoin ETF approval, analysts like James Safart from Bloomberg are now evaluating the potential for an Ethereum ETF. This speculation over an impending Ethereum ETF approval in May has sparked conversations about a potential parabolic rally for Ethereum and other altcoins.
Interestingly, Bloomberg Intelligence hints at a 70% likelihood of a spot Ethereum ETF's approval. The SEC's first verdict on the spot Ethereum ETF application is expected by May 23. This situation presents a classic "buy the rumor, ignore the news, and buy the next rumor" event.
Our track record on Ethereum speaks for itself. We accurately predicted short positions on Ethereum just before it hit $5,000 and again at $3,580. Moreover, in June 2022, we shared a perfect re-entry long on Ethereum at $960. Since then, we've provided three more solid entry points for Ethereum trades in the last 48 hours.
Looking at the Ethereum-BTC chart, our prediction was spot-on about Ethereum's rise preceding the Bitcoin ETF's approval. Currently, Ethereum shows support at $2,543, with initial targets at $2,921 and $3,269. Eventually, I foresee Ethereum reaching new all-time highs within the next 18 months.
For today, watch for the key levels: $538 support and $2,918 resistance. As always, we'll approach this step by step, so stay tuned for more insights.
One Love,
The FXPROFESSOR 💙
Links: theblock.co/post/271874/ethereum-etf-approval-may-ether-price-surge?utm_source=cryptopanic&utm_medium=rss
finbold.com/expert-offers-bitcoin-outlook-for-coming-months-after-spot-etf-approval/
Following the Bitcoin ETF approval, analysts like James Safart from Bloomberg are now evaluating the potential for an Ethereum ETF. This speculation over an impending Ethereum ETF approval in May has sparked conversations about a potential parabolic rally for Ethereum and other altcoins.
Interestingly, Bloomberg Intelligence hints at a 70% likelihood of a spot Ethereum ETF's approval. The SEC's first verdict on the spot Ethereum ETF application is expected by May 23. This situation presents a classic "buy the rumor, ignore the news, and buy the next rumor" event.
Our track record on Ethereum speaks for itself. We accurately predicted short positions on Ethereum just before it hit $5,000 and again at $3,580. Moreover, in June 2022, we shared a perfect re-entry long on Ethereum at $960. Since then, we've provided three more solid entry points for Ethereum trades in the last 48 hours.
Looking at the Ethereum-BTC chart, our prediction was spot-on about Ethereum's rise preceding the Bitcoin ETF's approval. Currently, Ethereum shows support at $2,543, with initial targets at $2,921 and $3,269. Eventually, I foresee Ethereum reaching new all-time highs within the next 18 months.
For today, watch for the key levels: $538 support and $2,918 resistance. As always, we'll approach this step by step, so stay tuned for more insights.
One Love,
The FXPROFESSOR 💙
Links: theblock.co/post/271874/ethereum-etf-approval-may-ether-price-surge?utm_source=cryptopanic&utm_medium=rss
finbold.com/expert-offers-bitcoin-outlook-for-coming-months-after-spot-etf-approval/
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