Ethereum (ETH) traders are watching two key events closely: the anticipated approval of the Spot Ether ETF and the activities of whales, the large wallet investors holding ETH.
Ethereum analyst from venture capital firm says Spot Ethereum approval could come as early as this week, placing odds at 72.7%. A crypto analyst predicts 200% gains in Ether price, post the anticipated approval of the Spot ETF by the Securities & Exchange Commission. Ether sustains above $3,000 even as supply on exchanges surges to 2024 peak.
We’ll see… https://t.co/o1ZSdIf1nE — Eric Balchunas July 12, 2024 Santiment data shows that Ethereum supply on exchanges has climbed to its highest level in 2024. It is likely that Ether holders anticipate a rally in ETH price and are waiting to take profits. 19.23 million Ether is being held in wallets across crypto exchanges per Santiment chart. Supply on exchanges vs.
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