Why is Ether (ETH) price up today?

[bitterguy28]

Ethereum's native token, Ether
ETC, is up today, mirroring gains elsewhere in the cryptocurrency market as investors go bullish on a potential spot Bitcoin ETF approval in the U.S.

On Oct. 25, ETH's price stabilized around $1,800, a psychological resistance level, after rallying nearly 9% this week. The cryptocurrency's upside moves accompanied a rise in daily trading volumes, indicating strong interest in Ether from buyers.



What's your opinion about (ETH) price up today?

Lol bitcoin also UP that day so its not only Ethereum that made a significant increase that time, because that starts the small bull that continues increasing till December and even made its way up this January .
but if you continue seeing the increase till April then we are truly in good chance for Ethereum  Bull running.

[Primo1760]

Ethereum's native token, Ether
ETC, is up today, mirroring gains elsewhere in the cryptocurrency market as investors go bullish on a potential spot Bitcoin ETF approval in the U.S.

On Oct. 25, ETH's price stabilized around $1,800, a psychological resistance level, after rallying nearly 9% this week. The cryptocurrency's upside moves accompanied a rise in daily trading volumes, indicating strong interest in Ether from buyers.



What's your opinion about (ETH) price up today?

Since the launch of the Bitcoin ETF, the price of Bitcoin has seen a massive upswing.  Ethereum is one of all ATH Took net price increases due to Bitcoin's price improvement. Currently the price of Ethereum coin is $2411, in January 2024 the price of Ethereum coin was up to $2700.
Currently, the reason for the increase in the price of Altcoins, including Bitcoin, in the pre-halving period is due to the wind of Bitcoin ETF approval. At present though the market is in a downtrend so now is the right time to invest.

The windfall of Bitcoin ETF approvals did not sustain the market rally for long. Ever since Bitcoin was approved, the market has been slowly dumping. We saw Ethereum hit a high of $2717 after Bitcoin ETF approval. It rose to a high of $2717 and then slowly just started dumping. Ethereum is currently at $2220. I wouldn't say right now is the best time to invest in Ethereum, you may or may not be able to buy it cheaper than that. But those who are preparing to invest, invest with your own thoughts. But remember that if you take risks in life, you can see success.

[babo]

now bitcoin after the euphoria of ETFs is discounting the sell the news, in fact bitcoin has fallen to 39,000 dollars
it could go down further, now the euphoria is over
for ethereum however it is different in my opinion, it has a dependence on bitcoin but also has the hope of the next ETFs, which are certainly based on ethereum

let's say that as usual it's a gamble

[lepbagong]

now bitcoin after the euphoria of ETFs is discounting the sell the news, in fact bitcoin has fallen to 39,000 dollars
it could go down further, now the euphoria is over
for ethereum however it is different in my opinion, it has a dependence on bitcoin but also has the hope of the next ETFs, which are certainly based on ethereum

let's say that as usual it's a gamble

It was unexpected that after the ETF was accepted and for a while it earned so much Bitcoin, but now Bitcoin is being corrected, and this is certainly beyond expectations. But usually for new things, there is always a panic situation for a moment, and of course this is normal and we will see for a while in the future.but the increase in ethereum after etf certainly has very positive indications; hopefully this will actually be able to provide a positive side if later etf is accepted too.But the indication that Ethereum is always dependent on bitcoin will certainly be bad news; hopefully it won't be the same.

[EthereumDev_]

It was unexpected that after the ETF was accepted and for a while it earned so much Bitcoin, but now Bitcoin is being corrected, and this is certainly beyond expectations. But usually for new things, there is always a panic situation for a moment, and of course this is normal and we will see for a while in the future.but the increase in ethereum after etf certainly has very positive indications; hopefully this will actually be able to provide a positive side if later etf is accepted too.But the indication that Ethereum is always dependent on bitcoin will certainly be bad news; hopefully it won't be the same.

It seems that the existence of this ETF provides an opportunity for those who have a very large amount of Bitcoin to sell it at a high price and make a profit withdrawal. As happened on the FTX exchange, they sold the Bitcoin they owned until the exchange value almost reached 1 million USD, and this is a pretty big value and makes the price of Bitcoin collapse, as you have seen lately.

[lepbagong]

It was unexpected that after the ETF was accepted and for a while it earned so much Bitcoin, but now Bitcoin is being corrected, and this is certainly beyond expectations. But usually for new things, there is always a panic situation for a moment, and of course this is normal and we will see for a while in the future.but the increase in ethereum after etf certainly has very positive indications; hopefully this will actually be able to provide a positive side if later etf is accepted too.But the indication that Ethereum is always dependent on bitcoin will certainly be bad news; hopefully it won't be the same.

It seems that the existence of this ETF provides an opportunity for those who have a very large amount of Bitcoin to sell it at a high price and make a profit withdrawal. As happened on the FTX exchange, they sold the Bitcoin they owned until the exchange value almost reached 1 million USD, and this is a pretty big value and makes the price of Bitcoin collapse, as you have seen lately.

Hopefully this is just a form of panic for a moment, because with every new product launch there will be an impact. We hope that in the future it will be a positive one. We will not be able to avoid speculators who do things like that, and they have the right to do that because what they are looking for is profit.But I see that in every market behaviour, there will always be an upside, and we hope that so that Bitcoin can return to increasing. Always be prepared for the return of Bitcoin's increase entering the halving period, which will soon occur.

[babo]

now bitcoin after the euphoria of ETFs is discounting the sell the news, in fact bitcoin has fallen to 39,000 dollars
it could go down further, now the euphoria is over
for ethereum however it is different in my opinion, it has a dependence on bitcoin but also has the hope of the next ETFs, which are certainly based on ethereum

let's say that as usual it's a gamble

It was unexpected that after the ETF was accepted and for a while it earned so much Bitcoin, but now Bitcoin is being corrected, and this is certainly beyond expectations. But usually for new things, there is always a panic situation for a moment, and of course this is normal and we will see for a while in the future.but the increase in ethereum after etf certainly has very positive indications; hopefully this will actually be able to provide a positive side if later etf is accepted too.But the indication that Ethereum is always dependent on bitcoin will certainly be bad news; hopefully it won't be the same.

Be careful that Mr. Gary from the SEC said: we will never approve an ETF on ETH
obviously it's false
it seems to me to be a kind of fiction just to allow multinationals like blackrock to accumulate ETH and not let it rise in price
maybe I'm wrong?
i think not

[dwyane36]

Be careful that Mr. Gary from the SEC said: we will never approve an ETF on ETH
obviously it's false
it seems to me to be a kind of fiction just to allow multinationals like blackrock to accumulate ETH and not let it rise in price
maybe I'm wrong?
i think not

Most likely, the situation with the SEC's approval of ETH-ETFs will be exactly the same as it was with spot BTC-ETFs. I don't know about you, but I have long had the impression that Gensler is a manipulator who abuses his position. In fact, his actions and statements have done more harm than good for ordinary investors during the time he has been chairman of the SEC.

[lepbagong]

Most likely, the situation with the SEC's approval of ETH-ETFs will be exactly the same as it was with spot BTC-ETFs. I don't know about you, but I have long had the impression that Gensler is a manipulator who abuses his position. In fact, his actions and statements have done more harm than good for ordinary investors during the time he has been chairman of the SEC.

Of course, all the analysis will happen and may or may not be true, but looking at the intensity with which it has been carried out, it will probably continue to be carried out, especially if there are indications, as you say, only to benefit a group for its own interests. This is certainly very surprising news, or indeed, it's no longer strange news that is around the SEC.We will wait for further news on what will happen in the future. We need to wait for this information.

[NikeFit_7777]

Most likely, the situation with the SEC's approval of ETH-ETFs will be exactly the same as it was with spot BTC-ETFs. I don't know about you, but I have long had the impression that Gensler is a manipulator who abuses his position. In fact, his actions and statements have done more harm than good for ordinary investors during the time he has been chairman of the SEC.

Manipulator? He's a crook who should be checked for insider trading. I mean, he knows everything up front. You think he won't manipulate the news in both directions before he approves the ETH-ETF? I'm pretty sure he will - I'll say more. It will be the same thing we saw with the BTC-ETF approval. Events will repeat themselves, you'll see. Recall more of my posts.

- Very interesting, if Gensler holds such a large position = can the laws be so abused?

Below, you can read the interesting news:

"SEC is likely to approve Ethereum-ETF in the summer of 2024. This opinion was expressed by Craig Salm, head of Grayscale's legal department".

[TopT3ns]

Of course, all the analysis will happen and may or may not be true, but looking at the intensity with which it has been carried out, it will probably continue to be carried out, especially if there are indications, as you say, only to benefit a group for its own interests. This is certainly very surprising news, or indeed, it's no longer strange news that is around the SEC.We will wait for further news on what will happen in the future. We need to wait for this information.

It seems that approving an ETF from Ethereum is very difficult because the SEC may have a lot to consider and they don't want to make the wrong decision because so far Ethereum's supply is too much and it makes it difficult for the SEC to give approval to Ethereum. So far Ethereum is only become a commodity and not a security so this is a problem for Ethereum.

[vegasus]

Most likely, the situation with the SEC's approval of ETH-ETFs will be exactly the same as it was with spot BTC-ETFs. I don't know about you, but I have long had the impression that Gensler is a manipulator who abuses his position. In fact, his actions and statements have done more harm than good for ordinary investors during the time he has been chairman of the SEC.

The SEC only puts profits first for them. Just look, even though they approved the Bitcoinspot ETF yesterday, it wasn't that smooth. What about Ethereum ETFs? Moreover, the SEC drama will definitely get longer. So, anything that is directly related to the SEC will definitely be a hassle and cannot be trusted 100%.

Regarding the increase in ETH, it usually follows Bitcoin. The Bitcoin market experienced a slight increase after yesterday's drop. so it's quite natural that ETH also goes up. Later, during the bullish era, regardless of whether the ETH ETF is approved or not, the price of ETH will definitely follow Bitcoin. So don't panic in a situation like this, whether ETH goes up or down. because ETH is an LTcoin that is really worth it for holding too.

[bitterguy28]

Ethereum's native token, Ether
ETC, is up today, mirroring gains elsewhere in the cryptocurrency market as investors go bullish on a potential spot Bitcoin ETF approval in the U.S.

On Oct. 25, ETH's price stabilized around $1,800, a psychological resistance level, after rallying nearly 9% this week. The cryptocurrency's upside moves accompanied a rise in daily trading volumes, indicating strong interest in Ether from buyers.



What's your opinion about (ETH) price up today?

Since the launch of the Bitcoin ETF, the price of Bitcoin has seen a massive upswing.  Ethereum is one of all ATH Took net price increases due to Bitcoin's price improvement. Currently the price of Ethereum coin is $2411, in January 2024 the price of Ethereum coin was up to $2700.
Currently, the reason for the increase in the price of Altcoins, including Bitcoin, in the pre-halving period is due to the wind of Bitcoin ETF approval. At present though the market is in a downtrend so now is the right time to invest.

The windfall of Bitcoin ETF approvals did not sustain the market rally for long. Ever since Bitcoin was approved, the market has been slowly dumping. We saw Ethereum hit a high of $2717 after Bitcoin ETF approval. It rose to a high of $2717 and then slowly just started dumping. Ethereum is currently at $2220. I wouldn't say right now is the best time to invest in Ethereum, you may or may not be able to buy it cheaper than that. But those who are preparing to invest, invest with your own thoughts. But remember that if you take risks in life, you can see success.

That's  wrong mate , there is no slowly dumping instead the price drops from one time but now Bitcoin has recovered and climbing back as
it stays at 42k  since couple of days and showing stronger to climb back in at 45-48k price again , but lets not tackle Bitcoin here because this
is Ethereum thread and correct about what is post , Ethereum is up back then  but now it starts to fall and yes below 2.4k now as it stays
strong in few months .

[lepbagong]

Of course, all the analysis will happen and may or may not be true, but looking at the intensity with which it has been carried out, it will probably continue to be carried out, especially if there are indications, as you say, only to benefit a group for its own interests. This is certainly very surprising news, or indeed, it's no longer strange news that is around the SEC.We will wait for further news on what will happen in the future. We need to wait for this information.

It seems that approving an ETF from Ethereum is very difficult because the SEC may have a lot to consider and they don't want to make the wrong decision because so far Ethereum's supply is too much and it makes it difficult for the SEC to give approval to Ethereum. So far Ethereum is only become a commodity and not a security so this is a problem for Ethereum.

Maybe what you say is true: there is doubt from the SEC to do that because of the considerations you put forward, which will be the basis of that rejection.But if we look at the news circulating and the analysis by several analysts, they say that it is not impossible to happen too; even this year, it will happen.But we will wait for the best news or even the worst about this, because we all also look forward to that.

[dekafee79]

It seems that approving an ETF from Ethereum is very difficult because the SEC may have a lot to consider and they don't want to make the wrong decision because so far Ethereum's supply is too much and it makes it difficult for the SEC to give approval to Ethereum. So far Ethereum is only become a commodity and not a security so this is a problem for Ethereum.

me too,I think so, Ethereum unlimited supply, will definitely be a consideration for the SEC to give approval.
But let's see..
Is SEC will have good consideration to approve altcoin or not.

Ethereum price up today, because bitcoin goes up.
It always happen, altcoin is follower of bitcoin.