ETH Price Renews Uptrend Above $1,630, Rally To $2k Next?
The prevailing technical outlook must keep improving for Ethereum to uphold the much-needed stability ahead of the glaring possibility of the first futures-based ETH exchange-traded fund (ETF) approval in the US. Experts and analysts in the market believe that although a futures-based ETF does not have a direct link to the Ethereum spot price, it validates the willingness of the regulatory agency to license crypto products. Bitcoin rallied by more than 60% following the approval of a similar product in 2021, which contributed significantly to the previous bull run. Ethereum live price is set to be the best performer in comparison to Bitcoin if the futures-based ETF gets the green light. ETH vs. BTC price chart || Santiment Tether (USDT), the largest stablecoin, has been moving into exchanges in large volumes and as per Santiment analysts it is “now at the highest level since March. This indicates more future buy interest.” Investors buying Tether reveal their readiness to jump on an opportunity to buy Ethereum if the SEC approves the future-based ETF in October.








