Ethereum (ETH) Price Back to Pre-ETF Levels

Krutika Adani

Ethereum at $3K

The price of Ethereum ($3150) is back to the levels before the in-principle approval of spot Ethereum ETFs.

Top Factors Pulling Ethereum Back

Delays in ETF approvals, profit booking by whales and the selling by new investors to avoid losses are the top reasons for a falling ETH price.

Will ETFs Lift Sentiments?

Given the prevailing market conditions, Ethereum ETFs seem likely to make a lukewarm debut.

Buy, Hold or Sell

The best decision for the current scenario seems to be holding your funds since the launch of the ETFs is quite certain.

Levels To Watch

If the ETFs are approved by mid-July, the price of ETH could break $4k within a few days and advance to $5k soon.