Bridger PenningtonFund Launch & Investment Expert

Ethereum about to pop?

22 Jul 2024 · 1 min

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Ethereum could be poised for a rally. Spot ETFs may get approved imminently, Trump is speaking at a Bitcoin conference about a strategic reserve, and ETH is trading 14% below its $4,000 yearly high.

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The Ethereum bulls are out. Elon put blue eyes on his profile picture to signal that he is bullish on Ethereum. So what is going on? Yahoo just posted an article. As soon as today, July 22nd, Ethereum spot buying ETFs could be approved, which would send major inflows into the Ethereum market. Additionally, a lot of news around Donald Trump. He's gonna be speaking at a Bitcoin conference next week, talking about maybe a strategic reserve for Bitcoin. Now, Ethereum is still 14% off, off of its high, just around $4,000 this year. So follow along to stay in the loop. What do you guys think? Where is Ethereum going in the next 12 months?