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<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/analysts-boost-eth-etf-expectations-impacting-btc-and-eth-prices/" data-wpel-link="internal">Analysts Boost ETH ETF Expectations, Impacting BTC and ETH Prices</a><br></p>
<p style="text-align: justify">Last-minute <a href="https://newslinker.co" target="_blank" rel="noopener" data-wpel-link="exclude">news</a> from the market has always had a significant impact on cryptocurrencies. Important statements made by renowned ETF analysts Eric Balchunas and James Seyffart not only affected the price of ETH but also the price of BTC.</p> 
<h2 style="text-align: justify" id="what-is-the-current-bitcoin-price">What is the Current Bitcoin Price?</h2> 
<p style="text-align: justify">The news about <a href="https://en.coin-turk.com/ethereum-attracts-major-whale-investments/" data-wpel-link="internal">Ethereum</a> ETFs, which hit the market like a bomb, did not only affect ETH. ETF analysts Eric Balchunas and James Seyffart raised their expectations for spot ETH ETFs from 25% to 75%. This news created a positive domino effect on the price, turning attention to the BTC price.</p> 
<p style="text-align: justify">The BTC price rose to $68,000 in the past hours and recently surpassed $69,000. The mentioned price level for BTC was last seen on April 12 and occurred during a decline, not a rise.</p> 
<p style="text-align: justify">As of the time of writing, BTC is trading at $69,180, creating great excitement among <a href="https://finance.coin-turk.com/" data-wpel-link="exclude">investors</a>. BTC’s RSI value is moving away from the neutral zone and has risen above 62. This situation can be interpreted as increasing buying pressure in the market.</p> 
<p style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-353715" src="https://coin-turk.com/wp-content/uploads/2024/05/btc-2024-coin-turk-com.png" alt="" width="2433" height="1145"></p> 
<p style="text-align: justify">BTC’s market cap has surpassed $1.38 trillion, occurring after an increase of over 5%.</p> 
<p style="text-align: justify">More importantly, BTC’s 24-hour trading volume continues to rise. BTC’s 24-hour trading volume has exceeded $31 billion after a 73% increase.</p> 
<p style="text-align: justify">Now, all eyes are on whether BTC will surpass the $70,000 level in the coming hours. The $70,000 level, like the $69,000 level, was last seen on March 12.</p> 
<h2 style="text-align: justify" id="what-is-the-current-ethereum-price">What is the Current Ethereum Price?</h2> 
<p style="text-align: justify">Following the views on ETF expectations, there was a noticeable rise in ETH as well. The ETF price had fallen below $2,900 in recent days but has now returned above the historic support level of $3,100 as of the time of writing.</p> 
<p style="text-align: justify">As of the time of writing, the ETH price has risen above $3,400 following an 11% increase. ETH’s market cap has risen above $400 billion again, while its 24-hour trading volume has exceeded $16.8 billion after a 101% increase.</p> 
<p style="text-align: justify">It seems that investors will be keeping an eye on the market to see what developments occur in prices in the coming 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/analysts-boost-eth-etf-expectations-impacting-btc-and-eth-prices/" data-wpel-link="internal">Analysts Boost ETH ETF Expectations, Impacting BTC and ETH Prices</a></h5>

Analysts Boost ETH ETF Expectations, Impacting BTC and ETH Prices

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