Experts predict Ethereum ETF to launch in mid-July, predict price growth

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The cryptocurrency industry is on the cusp of a potentially significant development as key figures in the sector hint at the imminent approval of an Ethereum spot ETH fund in the United States, which could trigger a significant boost in ETH prices.
Nate Geraci, CEO of The ETF Store, shared his insights on the anticipated timeline for the launch of the first Ethereum ETF.

According to Geraci, Bloomberg’s current forecast calls for a mid-July launch. He detailed the procedural timeline via X, stating“When will ETF eth? BBG is sticking with mid-July. Amended S-1s due July 8. Potential final S-1 by July 12. That would theoretically mean a launch week of July 15.”

At the same time, Steve Kurz, head of asset management at Galaxy Digital, confirmed On July 2, Bloomberg reported that the U.S. Securities and Exchange Commission (SEC) could give the green delicate to an Ethereum ETF before the end of the month.

Kurz highlighted the extensive groundwork done in cooperation with the SEC, drawing parallels between the proposed Ethereum ETF and the existing spot Bitcoin Galaxy (BTCO) ETF created with Invesco. Kurz expressed confidence in their preparation, noting, “We know the plumbing, we know the process… The SEC is involved.”

Bloomberg ETF analyst Eric Balchunas also chimed in, agreeing with the mid-July expectations. He highlighted the SEC’s recent instructions to Ethereum ETF issuers to amend their S-1 registration forms by July 8, hinting at possible further changes. Notably, the SEC approved rule changes under 19-b4 in May, making it easier to list and trade such funds, although the issuance of the funds is still pending final approvals.

Ethereum price remains above key support

The wait for these approvals seems to be having a stabilizing effect on Ethereum prices. Cryptocurrency analyst IncomeSharks, commenting on Ethereum’s current price trajectory via X, recorded optimism about a near-term breakout, stating, “ETH – Looks more optimistic for a Q3 breakout. I like the chances of a run towards $4,000 this month or next month.” According to the chart he shared, ETH price needs to stay in the range of $3,300 to $3,350 to rally towards $4,000.

Ethereum Price Analysis | Source: X @IncomeSharks

Supporting this view, Frosty Blooded Shiller emphasized that Ethereum needs to show momentum at current price levels, especially around $3,400, as a key indicator of a potential high-term push.

“ETH is still in a good position, but it really needs to start showing some momentum soon. LTF divergences around that $3,400 low are probably where I’ll try to catch an HTF impulse away from consolidation,” he said he noticed via X

Adding historical perspective, analyst Jelle (@CryptoJelleNL) compared current market phase to Ethereum’s long consolidation in 2016-2017 before its massive rally, calling for perseverance and optimism: “ETH consolidated for over 50 weeks in 2016-2017 before rising almost 12,000 percent. Today, people are giving up after less than 20 weeks, and ETH ETFs are just around the corner. Stick to the plan, guys. The best is yet to come.”

At the time of going to press, the ETH price was $3,353.

Ethereum price
ETH Holds Above 0.618 Fibonacci, 1-Week Chart | Source: ETHUSD on TradingView.com

Featured image created with DALL E, chart from TradingView.com

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