Ethereum's had a huge pump after the SEC cleared the way for Ethereum ETFs. But we're do you see the price of ETH going from here? I wonder whether it needs to retrace part of its move first.
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Finally! Been waiting on this for ages. Remember the frenzy when the first Bitcoin ETFs dropped? People went nuts.
That's an understatement! Even my dad, who's always been skeptical of crypto, threw some money into a Bitcoin ETF. He still calls it "magic internet money," but hey, at least he's in the game now.
Exactly! ETFs make it so much easier for mainstream investors to jump in. They don't have to worry about setting up wallets or dealing with exchanges - just buy shares like any other stock. This is also why I'm so bullish on ETH's long-term price. Do you guys have any predictions?
It's pretty clear to me that ETH will soon revisit its prior all-time-high, just over $4,000. Once we breach those levels, there's no resistance ahead.
However, I do worry a little about what a sell-off in the equity markets could do to crypto. Whether you like it or not, Bitcoin trades like a leveraged tech stock. And Ethereum, even more so!