Bitcoin is looking bullish as the price is continuously trying to cross $70k which is very close. Bitcoin price hit $68500 earlier today and then it dropped below $68k. The resistance at $69k looks a bit strong which is why it sent Bitcoin a little down from here.
If you are monitoring Bitcoin price closely then you already know that Bitcoin price has come out of the res area of $53k. It is continuously increasing its price and has come to the level of $68500. It is understood that whenever something goes up some people take profit. This is why Bitcoin is seeing little dips whenever its price increases.
Bitcoin is almost ready to cross $70k and then will move towards $80k. Its just a little pressure at 69k area which should be absorbed in one or two days. Its healthy correction and good for the system to get rid of weak hands on time.
On the other hand , Ethereum the second largest crypto by marketcap is performing well. Despite of big layer-2 projects rolling out frequently, Ethereum is still considered as daddy of all layer-2 chains because without ethereum they are unable to exist. They are known as well as based on Ethereum.
After years of struggle and registration filings, Ethereum ETFs are finally ready to go live for trading on 23 july. Ethereum ETFs will start trading on some famous platform of United States. This is going to be marked as one of the major moment for the cryptocurrency . Because this would be an opportunity for millions of investors and institutions in the US.
Chicago Board Options Exchange also known as CBOE has confirmed date for trading of 5 Ethereum ETFs on its platform. These includes
Franklin Ethereum ETF, Invesco Galaxy Ethereum ETF, 21Shares Core Ethereum ETF and VanEck Ethereum ETF.
There are four other ETH ETFs which will trade on New york or Nasdaq exchange. The exchanges have not announced officially about it but they are widely set to go live on 23 july.
Now you must be thinking that where one should buy Ethereum ETF shares. The answer is very easy. You can buy them on any big brokerage platform such as Nasdaq , New york stock exchange , Arca or Cboe BZX. All Ethereum ETFs have been approved and got regulatory clearance.
Ethereum ETFs is another big achievement for the crypto industry as this means crypto is now being introduced and accessible to millions of institutions and investors. You may already know that before this we have Bitcoin ETFs got approved which was the biggest step for adoption as the aim is to spread crypto knowledge and make it available to maximum people.
As Ethereum ETFs are approved and almost ready to go live , it would be interesting to see does it perform in the coming days. Hopefully it will get strong in the future.
Thats it for today. Thanks for reading. What do you think about my today's topic? Let me know your thoughts in comment section. In the end i would like to Wish you and your family a happy day ahead. Stay Blessed.
Motivation Dose
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About Author
@coolguy222 is a crypto trader and content creator on hive blockchain. He also runs a small business of Mobile accessories and Wrist watches. He loves to make new friends.
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