- Crypto analysts see potential for an Ethereum (ETH) price surge following the Bitcoin halving, citing historical patterns.
- Experts believe a potential ETF denial would have a minimal bearish impact on ETH, with spot approval still seen as highly bullish.
- “The last Bitcoin halving was ETH’s sign to start running hard” – Crypto Trader Jelle
Despite recent volatility, analysts predict a post-halving ETH surge. Learn why ETF concerns may have limited downside impact and how historical trends support a bullish outlook for Ethereum.
Ethereum Poised for Post-Halving Rally?
While ETH has faced recent declines, crypto analysts remain bullish, anticipating a significant price upswing post-Bitcoin halving. This optimism draws on historical data suggesting Ethereum rallies often follow these Bitcoin events.
ETF Worries vs. Market Sentiment
Concerns surrounding a potential spot Ethereum ETF denial persist. However, experts like Hashkey Capital’s Jupiter Zheng believe any bearish impact would be limited, as it’s not yet priced into the market. A spot ETF approval with staking, however, is viewed as a major bullish catalyst.
Technical Analysis Supports Bullish Case
Crypto trader Jelle highlights a clear ascending triangle pattern in ETH’s price chart since June 2023. This pattern, mirroring the pre-2020 halving period, signals potential for a strong rally.
Lingering ETF Investigations
The SEC’s investigation into the Ethereum Foundation adds uncertainty regarding spot ETF approval. Despite this, analysts like Zheng maintain that “ETH season is yet to come.”
Conclusion
Though the SEC investigation casts a shadow over ETF approval, analysts remain bullish on Ethereum’s post-halving prospects. Historical trends and technical analysis suggest a potential price surge is in the making, offering a promising outlook for ETH investors.
