Ethereum

Optimism

<ul class="news-points">
 <li><strong>SEC approval of Ethereum ETFs might boost institutional, leading to a short-term price rebound.</strong></li>
 <li><strong>Bitcoin is supported around $55,000 but must break the $60,000 resistance for a rally.&nbsp;</strong></li>
 <li><strong>RSI and reversal indicators hint at potential bullish momentum.</strong></li>
</ul>
<p>Digital asset research firm 10x Research suggests that the impending SEC approval of Ether ETFs could trigger a price rebound.</p>
<p>According to the firm, six applicants for spot Ethereum ETFs recently <a href="https://t.co/ieqk4rvBjA" target="_blank" rel="noopener noreferrer nofollow">submitted</a> updated S-1 forms, sparking speculation of imminent approval by the SEC. This approval could increase institutional investment in Ethereum and the broader cryptocurrency market.</p>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr"><a href="https://twitter.com/hashtag/Ethereum?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#Ethereum</a> ETF Approval Nears – <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#Bitcoin</a> Risks Loom<br><br><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f447.png" alt="👇" class="wp-smiley" style="height: 1em; max-height: 1em;">1-12) All six applicants for spot Ethereum <a href="https://twitter.com/hashtag/ETFs?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#ETFs</a> have filed updated S-1 forms, signaling that <a href="https://twitter.com/hashtag/SEC?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#SEC</a> approval may be imminent. This development comes in a week when crypto prices could rebound, driven by expectations of a weaker… <a href="https://t.co/EgnMa2Qb3V" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/EgnMa2Qb3V</a></p>— 10x Research (@10x_Research) <a href="https://twitter.com/10x_Research/status/1810587930840211686?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">July 9, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
 </div>
</figure>
<p>Moreover, the resulting positive sentiment and speculative buying could potentially contribute to a short-term price rebound. Additionally, market commentators expect a weaker US CPI (…</p>
<p>The post <a href="https://coinedition.com/ethereum-etf-filing-fuels-bitcoin-optimism-amidst-market-volatility/" rel="noopener noreferrer nofollow">Ethereum ETF Filing Fuels Bitcoin Optimism Amidst Market Volatility</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.</p>

Ethereum ETF Filing Fuels Bitcoin Optimism Amidst Market Volatility

Coin Edition

Other articles published on Jul 9, 2024

ARK Invest CEO Discusses Current Crypto Market Trends

Whale moves 9 Trillion PEPE tokens, Are bulls back?

Here’s When The Bitcoin Price Could Top According To Past Halving Cycles

Bithumb To List Vitalik Buterin-Backed ETH Layer 2 Project & Top Meme Coin

Rollblock Reigns Supreme Luring Fantom (FTM) and Binance Coin (BNB) Holders With 50x Potential

Maximum Potential For Q3: Altcoins On Course For 100x

Join our free newsletter for daily crypto updates!