Analysts believe Ether will see “tremendous” price action once their spot ETFs build momentum, similar to Bitcoin after the launch of spot Bitcoin ETFs.
Traders suggest that Ether’s price falling to $3,209 has now put it in “buy” territory but warn it may not last once the “tremendous” impact of exchange-traded funds (ETFs) come into effect.
“There are 2 major zones to buy,” pseudonymous crypto trader Sheldon The Sniper told their 490,300 X followers in a July 24 X post. He pointed to $3,300 and below as the current buy zone, and added that the $3,097 buy zone has already passed.
Sheldon further predicted that Ether could reach $4,000 “in the next week or two,” reiterating their two suggested entry points as the “ones you ride to the next all-time high breaks.”
