Ethereum (ETH) has gone up by 1% in the past 24 hours and trading volumes have increased by 12% after news that Donald Trump’s media company has filed an application to list a crypto exchange-traded fund (ETF).
The top altcoin is included in the prospectus with a target 15% weight on the ETF’s portfolio. This favors a bullish Ethereum price prediction.
According to the filing, the Truth Social Crypto Blue Chip ETF will invest 70% of its assets in Bitcoin but will also incorporate other altcoins including XRP (XRP), Solana (SOL), and Cronos (CRO).
The crypto community believes that this is a major step forward toward the approval of several ETFs that are waiting in line for the United States Securities and Exchange Commission’s nod to be finally listed. This includes vehicles linked to top assets but also to exotic meme coins like Pudgy Penguins (PENGU).
With Donald Sr. as the head of state and his pro-crypto appointment already reining on the agency, this ETF should experience no roadblocks to get approved.
As more vehicles like this make it to the traditional market, mainstream adoption of cryptocurrencies should accelerate.
Ethereum Price Prediction: ETH Could Rise to $4,000 After Breaking Out of Consolidation
Ethereum has been in a phase of consolidation for days following the successful implementation of the Pectra upgrade.
Crypto investor @Cryptokencc shared a chart that shows a perfect accumulation setup. During this phase of the market, the price of an asset trades relatively range-bound for a while and deep-pocketed players take the chance to buy large quantities ahead of a bullish move.
The first and most relevant short-term target for ETH at the moment would be the $3,000 level. However, historical patterns favor a move toward the $4,000 and even higher if enough positive momentum gains traction.
Looking closely at this formation, the 9-day and 21-day exponential moving averages (EMAs) have stepped out of a highly compressed range and have made a ‘golden cross’ as they moved above the 200-day EMA.
The Relative Strength Index (RSI) has been rising at a slower pace but has already crossed above the mid-line. These are all powerful buy signals that supports a bullish Ethereum price prediction.
As cryptocurrencies continue to recover after last month’s crisis in the Middle East, a top crypto presale called Bitcoin Hyper (HYPER) aims to unlock the untapped potential of Bitcoin’s DeFi ecosystem.
Bitcoin Hyper (HYPER) Surpasses $2M Raised to Jumpstart BTCFi
Bitcoin Hyper (HYPER) leverages the efficiency and scalability of the Solana Virtual Machine (SVM) to ignite the expansion of Bitcoin’s dormant decentralized finance (DeFi) ecosystem.
Users will keep their BTC tokens in the Bitcoin network while still being able to earn yield, lend, stake, and make payments easily through Bitcoin Hyper.
The solution is designed to receive BTC at a designated crypto wallet in the Bitcoin blockchain and will mint the corresponding number of tokens in the Bitcoin Hyper layer-2 chain to access its ecosystem.
Once Bitcoin Hyper is embraced by the community, $HYPER’s price will explode as its demand will rise rapidly. In addition, this project offers staking rewards of 385% per year for investors who help secure the L2 by locking up their assets.
To buy $HYPER, head to the Bitcoin Hyper website and connect your wallet (e.g. Best Wallet). You can either swap USDT or ETH or use a bank card to invest.
