Crypto News

Crypto News: Ethereum ETF Launch – A Game Changer for ETH and Altcoins?

Date- Tuesday 23 July 2024, 02:30 PM GMT

The crypto market is calm, with many investors eyeing the horizon for the next bull run. Altcoins hover at a tempting entry point, showing subtle rise signals that suggest an explosive breakout could be near. Amid this suspense, the spotlight shifts to Ethereum as talks of an Ethereum ETF launch heat up. Such a development could drastically impact ETH and other altcoins. This article covers the potential explosion in value for certain cryptocurrencies, shedding light on which coins might be poised for significant growth. Stay tuned to discover the top contenders ready to ride the upcoming wave.


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Ethereum Shows Steady Price Movement, Bulls Eyeing Big Gains

Ethereum’s price is in the range of about $3333 to $3644. The bulls are not out of steam yet. Key support sits at just above $3100, while resistance hovers around the $3750 mark. Despite recent drops, Ethereum has climbed more than 57% over the past six months. If it surpasses the $3750 resistance, it can aim for around $4060. This means a potential jump of more than 10%. With firm support and a promising trend, Ethereum’s bulls may soon lead the way for more growth.


NEAR Protocol Sets Stage for Potential Surge Amid Crypto Market Dip

NEAR Protocol (NEAR) shows resilience despite the recent market downturn. Trading within the $5.64 to $6.77 range, bulls appear to be watching the $7.20 resistance level closely. With a 13.72% price increase over the past month and a staggering 119.63% rise in six months, NEAR’s potential for growth remains strong. If bulls break the $7.20 resistance, the next target is $8.33, which would mark a potential gain of around 38% from current prices. The Relative Strength Index (RSI) suggests the coin is oversold, hinting that a bullish trend could be imminent.


JasmyCoin: A Bullish Glimmer Amidst Market Woes

JasmyCoin (JASMY) has weathered recent market dumps, showing resilience at a current range of $0.0269 to $0.0328. While recent weekly and monthly dips of around 11% appear daunting, a historical six-month surge of over 460% hints at robust recovery potential. With support levels at $0.0234, bulls seem ready to defend aggressively. If it breaks past resistance at $0.0353, climbing to $0.0413 is highly feasible, marking a potential increase of over 25%. With bulls showing signs of strength amidst market volatility, JasmyCoin could be poised for another growth spurt as the broader crypto market stabilizes.


Render (RNDR) Eyes Significant Upside Amid Market Fluctuations

Render (RNDR) is currently trading within a range, with its nearest resistance level within close reach. Despite recent dips, its relative strength index suggests it is neither overbought nor oversold. Over the past month, RNDR has shown signs of consolidation, giving bulls hope for a breakout. Looking back at patterns from 2021, RNDR has the potential to rise by double-digit percentages if it can break through its current resistance levels. If momentum builds, RNDR could see gains of around 20-30%, challenging even higher targets. The market may be volatile, but the potential for a bullish surge remains strong for RNDR.


Conclusion

While ETH, NEAR, JASMY, and RNDR show less potential in the short term, CYBRO presents a compelling investment opportunity. As a technologically advanced DeFi platform, CYBRO leverages AI-powered yield aggregation on the Blast blockchain. It offers investors high rewards through staking, exclusive airdrops, and cashback. The platform ensures a seamless user experience with easy deposits and withdrawals. CYBRO focuses on transparency, compliance, and quality, attracting significant interest from crypto whales and influencers. This project stands out as promising and efficient in the rapidly evolving crypto space.

Site: https://cybro.io

Twitter: https://twitter.com/Cybro_io

Discord: https://discord.gg/xFMGDQPhrB

Telegram: https://t.me/cybro_io


Disclaimer:

The information provided in this article is for general informational purposes only and does not constitute financial advice. This content includes third-party opinions and predictions, which are independent and not influenced by us. Cryptocurrency investments are highly volatile and can involve significant risk. Always conduct your own research and consult with a qualified financial advisor before making any investment decisions.


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