Ethereum Price Analysis and Expectations of New ETF Approval by DTCC
Saturday, 27 April 2024, 16:18
Ethereum Price Expectation
The Depository Trust & Clearing Corporation listed Franklin Templeton's Ethereum (ETH) spot ETF, signaling a positive outcome. In a move similar to Bitcoin ETF anticipation, DTCC's action fuels bullish sentiment. Renowned journalist Colin Wu reports on the impending launch.
Technical Challenges
- Ethereum Faces Hurdles: Low price volatility with a weak RSI and key technical resistance.
- Consolidation Phase: Surge in consolidation range after losing 50-EMA on April 14.
DTCC's decision affecting collateral value from cryptocurrency-based ETFs may impact institutional interest and the RWA market. Ethereum's price fluctuations between $2,140 and $4,091 are crucial to monitor.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.