Price Analysis View Non-AMP

Crypto Market Today: Impact of ETH ETF Launch on Ethereum & Altcoins

Published by
Sohrab Khawas

With the Ethereum ETF starting to trade today, the broader market anticipates a bull run in Ethereum and altcoins. Despite a recent 2.69% drop in ETH price, the hype is under the weather and warns of a potential slow start. 

Nevertheless, a potential positive inflow and the initial hype could increase Ethereum and altcoins this week. So, let’s take a closer look at the price analysis of Ethereum and other top altcoins likely to surge this week.

Ethereum Drop Before ETF Launch: Will ETH Surpass $4,000?

With a bearish Monday, Ethereum starts the week with a 2.69% drop and tests the 50D EMA. In the short term, the sideways shift above the dynamic support hits the pause button on the 20% recovery rally from $2,880. 

TradingView

Despite the bullish struggle to reach the overhead resistance trendline, Ethereum ETF trading today could pump the prices ahead. The MACD signal lines are losing the gap and warn of a bearish crossover. 

Considering the bull run picks up pace, the ETH price could surpass the overhead trendline and the 50% trend-based Fib level at $4,141. Optimistically, the bull run could reach $5,402 by the end of this week if the ETF net flow remains positive. 

Solana’s Struggle At $190 Warns Price Drop

With a double bottom reversal from $128, the SOL price is up by 37%, including the 4.70% decline from the $185 peak. The recovery rally in the SOL price teases an inverted head and shoulder with the neckline at $188.

Tradingview

A potential breakout of the $190 peak will unleash the trapped momentum for a boost to $250. With the Ethereum ETF starting to trade today, the bull run in Solana could gain momentum as SOL ETF is the next likely altcoin ETF. 

Hence, in the coming weeks, Solana is likely to hit the $346 mark or the 2.618 Fib level. 

Dogecoin (DOGE)

With a bearish channel breakout, the DOGE price has surpassed the merged 50D and 200D EMA. Further, the recovery rally accounts for a 27% rise in the last 12 days. Currently, the meme coin retests the broken trendline and the dynamic supports. 

Tradingview

With a post-retest rally powered by broader market recovery, the meme coin could challenge the 50% trend-based Fib level at $0.1589. A potential golden crossover will fuel the breakout rally to hit the $0.24 mark in the coming weeks. 

Also Check Out: Is the Bull Run Starting? Key Signs Point to a Crypto Surge

Sohrab Khawas

Sohrab is a passionate cryptocurrency news writer with over five years of experience covering the industry. He keeps a keen interest in blockchain technology and its potential to revolutionize finance. Whether he's trading or writing, Sohrab always keeps his finger on the pulse of the crypto world, using his expertise to deliver informative and engaging articles that educate and inspire. When he's not analyzing the markets, Sohrab indulges in his hobbies of graphic design, minimal design or listening to his favorite hip-hop tunes.

Recent Posts

Breaking: Ripple Drops Its Cross Appeal and Anticipates U.S. SEC to Cooperate

Ripple Labs, a top-tier blockchain payment company based in the United States, has made a…

June 28, 2025

Bitcoin Price Analysis: Low Speculative Urgency Signals More Pain In the Midterm

Bitcoin (BTC) price has experienced faded bullish sentiment in the recent past as traders factor…

June 28, 2025

Is Altseason Coming? CryptoQuant Analyst Spots Key Accumulation Signal

CryptoQuant analyst Axel Adler Jr. has spotted a potential early sign of a new altcoin…

June 27, 2025

Litecoin LTC Price Prediction 2025, 2026 – 2030: Can Litecoin Reach $1000 Dollars?

Story Highlights Litecoin price today is . Litecoin price may reach a potential high of…

June 27, 2025

Polkadot Price Prediction 2025, 2026 – 2030: Will DOT Price Cross $10?

Story Highlights The live price of the Polkadot crypto token is . Polkadot price can…

June 27, 2025

Toncoin Price Prediction 2025, 2026 – 2030: Will TON Price Reach $10?

Story Highlights The live price of the TON token is Toncoin price could hit a…

June 27, 2025