Ethereum ETFs Unleashed: The New Crypto Game Changer! #youtube #ethereum #crypto

Ethereum ETFs Unleashed: The New Crypto Game Changer! Joel Kruger, market strategist at LMAX Group, believes ethereum could hit new highs this year.

“Both bitcoin and ETH had made record highs back in 2021, but only bitcoin has managed to take out that previous record high in 2024,” Kruger wrote in a note to IBD. “We believe this is important as ETH is still looking to make its own record high in 2024 and has a lot of room to run for this to happen.”

“Given the positive momentum on the adoption and regulatory fronts, we suspect ETH will indeed succeed in making a fresh record high,” he said. “Which could very well translate to another big surge in bullish momentum over the coming days and weeks.”

Ethereum Price Action Ethereum climbed to $3,750 Friday afternoon, but still below its Thursday high of $3,894 prior to the announcement. Earlier in the week, ethereum had rallied on buzz that the SEC would take a step toward spot ETF approvals.

The No. 2 crypto is trading below its March 12, 52-week high of $4,092 and well below its November 2021 peak above $4,800. Still, ethereum spiked nearly 64% so far in 2024.

Bitcoin rose to $68,900 Friday and trended toward its Thursday peak of $69,440. Bitcoin on Monday crossed $70,000. But it hasn’t been able to rebound to a record high of $73,798 from March 14. The world’s top crypto rallied about 64% this year.

#youtube #crypto #ethereum #etfs

OUTLINE:

00:00:00 A New Era for Ethereum 00:01:07 Ethereum, Bitcoin, and Crypto Stocks 00:02:06 Spot ETFs and Beyond 00:03:01 Predicting the Future of Ethereum 00:03:59 Beyond Speculation 00:04:46 Ethereum ETFs - A Catalyst for Mainstream Adoption?