Featured image created with Dall.E, chart from Tradingview.com<\/div>\n","protected":false},"excerpt":{"rendered":"
Pseudonymous trader and analyst Roman has made a bold prediction regarding the ETH price, suggesting that investors should lower their short-term expectations. This comes amid a drop in the hype around the Spot Ethereum ETFs, with these funds currently suffering significant outflows.\u00a0 What To Expect From The ETH Price Roman mentioned during an interview with Hall of Flame that he doesn\u2019t see Ethereum \u201cdoing that well\u201d for the next few months. The analyst believes that ETH will suffer a similar fate to the rest of the crypto market as Bitcoin sucks up all the liquidity while altcoins continue to trade sideways due to this.\u00a0 Related Reading: Analyst Identifies Bullish Pattern That Can Send XRP Price To New Highs As such, Roman doesn\u2019t expect the ETH price to enjoy any parabolic rally until traders begin to rotate their capital from Bitcoin into altcoins, with Ethereum likely to lead the pack when that time comes. The analyst also noted that this period will likely come when traders think Bitcoin is at or close to its market top.\u00a0 The analyst highlighted the period in 2020 when Ethereum \u201cdidn\u2019t really do well\u201d until the flagship crypto hit $40,000. He noted that the ETH price was down 80% from its all-time high (ATH) while Bitcoin broke ATHs. Indeed, Ethereum is currently suffering a similar fate. Bitcoin hit a new ATH earlier this year, while ETH is down over 33% from its current ATH of $4,890.\u00a0 Meanwhile, Roman explained how Ethereum will rise from the ashes when Bitcoin is almost or already at its peak. He stated that when Bitcoin starts to experience a significant price correction, after hitting a price target like $120,000, Bitcoin traders are taking profits and rotating it into Ethereum and other altcoins.\u00a0 Interestingly, the crypto trader suggested that Ethereum\u2019s success largely depends on Bitcoin. He claimed that the flagship crypto needs to continue to break new highs and rally much higher for money to flow into ETH and other altcoins. Meanwhile, Roman believes that the liquidity shift will happen before year-end.\u00a0 How Much Could Flow Into The Spot Ethereum ETFs Expectations for the Spot Ethereum ETFs have dropped since they began trading on July 23, with analysts like Sygnum Bank Head of Research Katalin Tischhauser suggesting that inflows into these funds could be lower than expected.\u00a0 Tischhauser told The Block that the Spot Ethereum ETFs could witness as low as 15% of Bitcoin\u2019s flows, with around $5 flowing into these funds in their first year of trading while $30 billion flows into the Spot Bitcoin ETFs. Related Reading: Institutional Investors Show Interest In Cardano, Triggering 300% Surge The analyst made this prediction based on \u201cEthereum\u2019s lesser name recognition\u201d and ETH\u2019s market cap compared to Bitcoin\u2019s, suggesting that the Spot Ethereum ETFs will likely record less adoption and lower liquidity.\u00a0 These Spot Ethereum ETFs have suffered significant net outflows since they began trading thanks to Grayscale\u2019s Ethereum Trust (ETHE). However, these funds broke this streak of net outflows on July 30, with data from Farside Investors showing that they recorded a net inflow of $33.7 million.\u00a0 Featured image created with Dall.E, chart from Tradingview.com<\/p>\n","protected":false},"author":594,"featured_media":632481,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[13625],"tags":[1944,89193,8323,92622,16163,1946,10384,84816,7931,6931,8686,78803,89986],"class_list":["post-632455","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ethereum","tag-etf","tag-etf-news","tag-eth","tag-eth-news-spot-ethereum-etfs","tag-eth-price","tag-ethereum","tag-ethereum-etf","tag-ethereum-etfs","tag-ethereum-news","tag-ethereum-price","tag-ethusd","tag-ethusdt","tag-spot-ethereum-etf"],"acf":[],"yoast_head":"\n
Analyst Says ETH Price Will Struggle As Spot Ethereum ETFs Expectations Crash<\/title>\n \n \n \n \n \n \n \n \n \n \n \n \n \n\t \n\t \n\t \n \n \n \n \n \n\t \n\t \n\t \n