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A roster of eight United States-based spot Ether exchange-traded funds (ETFs) are inching closer to going live, but crypto asset manager Bitwises chief compliance officer Katherine Dowling says an exact launch date remains unknown.

Were seeing in the S-1 amendments that there are fewer and fewer issues that are being vetted back and forth between issuers and the SEC, Dowling told Bloomberg on July 9.

Form S-1s provide information about the issuer and the securities they intend to offer. Once approved, the products can launch.

US Securities and Exchange Commission Chair Gary Gensler recently predicted thatthe spot Ether (ETH) ETFs will launch sometime in the summer.

Everyone has a different definition of summer. Its been a little bit of a long, hot summer for the issuers waiting, Dowling said.

Several spot Ether ETF issuers have been waiting for six weeks to have their S-1 registration statements signed off by the SEC after the regulator approved several 19b-4 filings on May 23.

The issuers submitted their amended S-1s in early July after the securities regulator provided a first round of feedback.

Bitwises chief investment officer Matt Hougan speculatedthat the spot Ether ETFs could attract up to $15 billion in inflows in the first 18 months of trading roughly the same amount that the spot Bitcoin ETFs have mustered since launching six months ago.

Dowling revealed that the SEC has also been open to discussions concerning non-Bitcoin and Ether products as well.

Weve actually dialogued with the SEC about the possibility of whats coming down the pipe with new products, Dowling said.

The Chicago Board Options Exchange (CBOE) filed applications to list spot Solana (SOL) ETFs on behalf of VanEck and 21Shares on July 8.

Related: Invesco Ether ETF sets fees at 0.25% as competition among issuers heats up

However, Dowling isnt confident that a third spot cryptocurrency ETF will be approved under Genslers leadership.

Senior Bloomberg ETF analyst Eric Blachunas made a similar observation on July 9, saying that a spot Solana ETF application would likely be dead on arrival if Biden were to be re-elected and Gensler kept on as the head of the financial regulator.

X Hall of Flame: Ethereums recent pullback could be a gift Dynamo DeFi

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Ethereum ETFs close to the finish line Bitwise exec - Cointelegraph

An Ethereum whale has been spotted withdrawing 16,449 Ether valued at approximately $50.3 million from Binance. This transaction occurred as the price of Ether rebounded over $3,000.

According to Spot On Chain, an onchain data provider, the whales activity marks their first significant accumulation of Ether (ETH), with the entire amount moved to a new wallet.

The timing of the withdrawal is notable, with an expected launch of spot Ether exchange-traded funds (ETFs) in the United States coming sometime in the next week. In their post on X, Spot On Chain questioned whether the large transfer could be a bullish signal for Ethereum.

The introduction of an ETF is expected to increase institutional interest and investment in Ether, potentially driving up its price.

Ethers price surged10.11% to $3,113 on July 9, up from a low of about $2,830 the previous day. The rally happened alongside the release of CoinShares weekly report, which showed that Ether-linked investment funds received inflowsof $10.2 million for the week ending July 5.

Asset management companies VanEck and 21Shares amended their S-1 registrationsin July 8 filings with the US Securities and Exchange Commission to gain approval in July and list and trade shares of a spot Ether ETF.

Related:Ethereum ETFs close to the finish line Bitwise exec

21Shares also submitted an updated form for its Core Ethereum ETF. While the filings do not provide an exact launch date for US exchanges, they state that the ETFs would launch as soon as practicable after the effective date of the registration.

Meanwhile, there has been increasing competition among ETF sponsors ahead of the expected launch of spot Ether ETFs. On July 9, Invesco and Galaxy set a 0.25% management fee for the Invesco Galaxy Ethereum ETF in a filing to US regulators.

The SECgave the go-aheadto spot Ether ETFsin May. However, investors withdrew $61 million from Ether investment products between June 24 and 29, bringing the total outflows for the months end to $119 million and Junes total balance to $37 million in funds withdrawn.

X Hall of Flame: Ethereums recent pullback could be a gift Dynamo DeFi

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Whale transfers $50M in ETH amid ETF anticipation - Cointelegraph

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Clandeno (CLD) Presale & Ethereum (ETH) Both Surge Amid Binance Coin (BNB) Uncertainty - The Cryptonomist

The price of Ethereum recently surpassed $3,300 as investors anticipate some predictions regarding the imminent approval of exchange-traded funds (ETF) based on ETH, expected this week.

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As anticipated, Ethereum has marked a new peak of $3,331 this week, driven by the growing expectations regarding ETH ETFs.

Nate Geraci, ETF expert, stated that there is no reason for further delays in the approval of spot ETFs on Ethereum, expected by the end of the week.

According to Geraci, several companies, including VanEck and 21Shares, have updated their filings in the hope of obtaining final approval from the SEC to launch ETFs on Ether.

These funds are seen as a crucial catalyst for the price of ETH in the coming months. In particular with forecasts of a significant influx of capital, potentially up to 10 billion dollars.

Tom Dunleavy, managing partner of MV Global, has predicted that this new form of investment could lead Ether to reach new all-time highs by the end of the year.

Contrary to common perception, Dunleavy believes that ETFs on Ethereum may represent a more attractive opportunity for traditional investors compared to those on Bitcoin. This is due to the clarity of the narrative and the robustness of Ethereums technology.

Ethereum has cash flows. It can be described as a tech stock, the app store of cryptocurrencies, or an Internet bond. This is a much easier sell for financial advisors compared to digital gold.

According to the data from TradingView, Ethereum has grown by 16% compared to the previous week, rising from $2,909 to $3,331.

This increase reflects not only the confidence of investors in the potential of ETH ETFs, but also a renewed focus on criptovalute in a broader market context.

The future of Ethereum now seems tied to the decision on the listing of ETFs, with analysts estimating a significant impact on prices and a potential to rebalance the gap accumulated compared to Bitcoin in the last 18 months.

The recent announcement by the German government to liquidate 5,000 Bitcoin, equal to 90% of its reserves, has triggered a significant drop in the price of Bitcoin, falling below $57,000.

This happens despite Bitcoins attempt to reclaim the $60,000 threshold, demonstrating the difficulties in maintaining this level. In contrast, Ethereum has maintained a remarkable stability, highlighting its resilience in the face of market turbulence.

This difference in performance between Bitcoin and Ethereum has captured the attention of analysts and investors. Specifically, considering it a crucial testing ground for Ethereums ability to withstand market fluctuations.

If Ethereum continues to remain stable, it could indicate a reduced dependence on Bitcoins price fluctuations, representing an important step forward for the bull sector of cryptocurrencies.

In the context of this Bitcoin sell-off, the cryptocurrency community is awaiting the approval of an ETF on Ethereum.

While some analysts remain optimistic about the trajectory of Ethereums price, technical analyses offer a mixed picture.

Various cryptocurrency experts predict that Ethereum could reach $5,000 soon, identifying key support and resistance levels crucial for its future price movements.

The experts have identified a significant support zone for Ethereum between $2,800 and $3,300, considered essential to maintain a bull perspective.

If Ethereum continues to be traded in this range, it could be on the right track to reach $5,000.

Despite the positive forecasts, the market shows mixed signals. According to CoinCodex, the price of Ether should increase by 3.68% by August 13, 2024.

However, the fear and greed index reflects a negative sentiment, with Ethereum having recorded only 50% of green days in the last month.

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The increase in the price of Ethereum and some predictions for ETFs: what does it mean for the market? - The Cryptonomist

Ethereum (ETH) is currently showing signs of recovery after a recent sell-off phase. This has led to a notable rebound, suggesting the potential for a continued uptrend.

Over the past two months, Ethereum has outperformed Bitcoin (BTC), with analysts predicting a significant price increase in the coming days due to the anticipated launch of an Ethereum ETF.

This event is expected to strengthen ETH against BTC, particularly given the bearish divergence on the BTC weekly chart.

Despite the optimism, there is no clear timeline for the launch of the much-anticipated spot Ethereum ETF, causing confusion among issuers about the delay.

Nevertheless, major market participants and Ethereum whales have been accumulating ETH in preparation for ETF approval, anticipating a substantial price increase once the approval is granted.

In a TradingView post on July 13, analyst RLinda pointed out that the daily chart of ETHUSDT shows that bulls are actively maintaining the price above a crucial support line.

According to the analysis, the area above the 200-day moving average (MA) indicates consolidation, which is a positive sign for a bullish structure.

The current resistance level is around $3,200, and a breakout could lead to significant upward movement, potentially targeting the $4,000 to $4,800 range.

On a shorter, four-hour timeframe, the price movement is characterized by consolidation. A large player appears to be actively purchasing ETH, anticipating important news and reinforcing the intermediate bottom zone.

This period of consolidation, supported by increased volume, indicates strong buying interest and a likely continuation of the uptrend. The key support levels here are around $3,056 to $3,152, which have consistently held firm.

The weekly chart supports this bullish outlook, showing a pattern of higher lows indicative of a long-term bullish trend. The key support level at approximately $2,852 has proven resilient, with buyers preventing further declines.

A breakout above current resistance levels on the weekly chart could lead to a significant rally, targeting the $4,000 to $4,800 range.

Given the current market conditions and the anticipated approval of ETH-ETFs, Ethereum could reach the $4000 mark within the next 4 to 6 weeks.

This projection is based on the expected approval of ETH-ETFs within the next 1-2 weeks, technical indicators suggesting a strong uptrend, and positive market sentiment with strong buying interest.

As of the latest update, Ethereum is trading at $3,201.78, reflecting a 2% increase on the daily chart.

This upward momentum is bolstered by both fundamental and technical indicators pointing towards a bullish future.

In the short term, maintaining consolidation above MA-200 and breaking through key resistance levels are crucial.

In the longer term, sustaining the support levels and continuing the bullish trend could see Ethereum reaching new highs.

The alignment of both fundamental and technical factors suggests that Ethereum could reach the $4000 mark soon, particularly if the anticipated ETF approval materializes.

Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.

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Heres when Ethereum will reach $4000, according to analyst - Finbold - Finance in Bold