ETH eyes $4,100 ahead of Spot Ethereum ETFs trading as ETFSwap gains

Ethereum (ETH) is set to break $4,100 ahead of Spot Ethereum ETFs trading, sparking renewed optimism and bullish price predictions.

Excitement has been reignited on Ethereum (ETH) as the cryptocurrency is set to break $4,100 ahead of Spot Ethereum ETFs trading. The renewed optimism on Ethereum has resulted in market experts even predicting that the ETH price could soar as high as $10,000. 

Amid the recent developments in crypto ETFs like Spot Ethereum ETFs and tokenized assets, the new platform ETFSwap (ETFS) has emerged as a promising entrant for investors looking to invest in the next big thing in crypto. ETFSwap has established its position with massive prospects, and the ongoing presale is recording impressive numbers.

ETFSwap exhibits shocking bullish prospects

With the next bull market set on tokenized and real-world assets, early investors in ETFSwap may have found a gold mine of massive profits. ETFSwap is a real-world assets platform that delivers ETFs on-chain. This platform will allow users to trade tokenized ETFs from various industries, including healthcare, engineering, energy, commodities, etc.

This new platform can draw massive funds to the crypto landscape, as the total market for ETFs is valued at about ten times the size of the crypto market. Tokenizing ETFs on the blockchain will set the crypto landscape on pace for massive adoption and explosive growth. Several studies predict that the tokenized and real-world assets market could be worth $10 trillion by 2030, and ETFSwap is going for a giant share of this market size.

Furthermore, ETFSwap will offer benefits such as global accessibility to ETFs, seamless convertibility to cryptocurrencies, quick settlements, access to liquidity, lower trading fees, and many more. The new defi platform will bridge the assets from the centralized market while remaining decentralized. This seamless integration of both markets allows for easy portfolio diversification and expands the boundaries of what’s possible with ETFs and crypto assets.

ETFSwap has also won the hearts of native crypto investors by removing KYC registration, which is often a hindrance for investors who value blockchain’s privacy and anonymity.

ETH eyes $10,000 following Spot Ethereum ETFs approval

The SEC has approved the first eight applications for Spot Ethereum ETFs, but the funds won’t start trading any time soon. This is because the SEC only approved the initial regulatory filing for the Spot Ethereum ETFs while the S-filing is pending. This process can take a couple of months, like in the case of spot Bitcoin ETFs, which took approximately three months.

An analyst on X has predicted that the ETH price could break the $4,100 resistance anytime after spotting the cryptocurrency in a falling wedge pattern. He mentioned that the cryptocurrency might trend on local highs for a few days, and hopefully, another ETF news will send the ETH price to a new all-time high.

Head of Prime Brokerage at Nexo, Andrey Stoychev, has also predicted that the ETH price could hit $10,000 once the spot Ethereum ETFs hit live trading. The bullish sentiment on the ETH price has grown after the cryptocurrency saw a price surge to a two-month high of $3,800 in May.

While several investors expect bullish post-Spot Ethereum ETFs performance, as we saw with Bitcoin (BTC), there are other events to watch out for. Grayscale holds nearly $11 billion worth of assets in its Grayscale Ethereum Trust, which is ready to convert into spot Ethereum ETFs when the funds are approved. Investors can prepare for another massive sell-off if this is anything like the conversion of the $20 billion Grayscale Bitcoin Trust to spot price ETF.

Conclusion

The ETH price appears to be winning amid the recent hype and growth around Spot Ethereum ETFs. However, ETFSwap is positioned to be the biggest winner, especially as the premier platform that combines ETF accessibility with on-chain features. The ongoing ETFSwap presale is on Stage 1 and has raised over $100,0000 in about two weeks. Stage 1 presale is closing in a few days, and the presale price will increase from $0.00854 to $0.01831.

For more information about the ETFS presale, visit the ETFSwap presale and join the ETFSwap community.