Analysis: ETH Likely to Rise After Dip Like BTC Despite Official ETF Launch
CryptoNewsTerminal Staff24 May, 2024
Analysis: ETH Likely to Rise After Dip Like BTC Despite Official ETF Launch
Despite the much anticipated launch of a Bitcoin ETF, the price of Ethereum (ETH) is predicted to follow a similar pattern as Bitcoin (BTC) and see an increase after a recent dip, according to insights from blockchain investment and analytics platform Cryptorank.io via their X. This prediction is based on historical data and market analysis, suggesting that ETH is likely to benefit from the positive sentiment surrounding the launch of the Bitcoin ETF.