In this video, Deezy goes over the Ethereum ETF approval! What is the launch date? What happened when Bitcoin had an ETF? How will this ETF affect Ethereum’s price? All these are answered and Deezy also give his price prediction!
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The ethereum ETF is launching one week From today but what does that mean for Ethereum's Price should you back up the Truck right now load up all the eth you Can or is this a buy the rumor sell the News event and I'm going to tell you Where I think eth is going to go in the Two months following the eth ETF Approval but right here you can see Nate Gasi with a very very good prediction he Said welcome to the spot eth ETF Approval week he's calling it don't know Anything specific just can't come up With a good reason for any further delay At this point issuers be ready for Launch well Eric balunis if you didn't Know who he is he's the senior ETF Analyst for Bloomberg Financial he is Saying update Nate's instincts were Right hearing SEC finally got back to Issues today asking them to return Final S1s on Wednesday that is tomorrow but What is an S1 you can see right here is An ETF issuer must file the form S1 with The SEC to register their product and They just got done filing that and so This is going to show the timeline for When we can expect these eth e TF so They ask him to return the final filled Out paperwork on Wednesday and then Request Effectiveness on Monday after The close for a Tuesday launch that's Going to be Tuesday of next week eth ETF Launch but what does this mean for the
Prices everybody well this article does A pretty good job explaining everything And then after that folks we're going to Dive into the charts and look at what Happened at Bitcoin with its ETF launch And then run some numbers and I'm going Give you my eth prediction two months Outside of the launch here well eth ETFs Are scheduled to begin trading next week The bitwise ceio is predicting $15 Billion in an inflows into the ethereum ETFs by the end of next year I think That might actually be a little bit low Because in seven months Bitcoin pulled In $16 billion so they're saying in a Year and a half eth can do 15 billion I Think after a year and a half Bitcoin Might pull in 50 maybe even hundred Billion doll so I think ethereum could Hit 2025 so the starting date for the ETF trading in the US is going to be July 23rd he shared on that post that we Just looked at that the SEC is answering Issuers today asking them to fill out Their paperwork by tomorrow so the Issuers filed their form on the 8th but Most of them left the fees out of the Forms according to Eric this is likely a Strategy from the asset managers to see How competitive the funds fees are Especially black rocks if you didn't Know ETF issuers charge a fee and we saw The Bitcoin ETFs it was a race to the Bottom the lower the fees the more
Bullish it is for an investment vehicle So if you have a 10% fee you don't want To park your millions of dollars in There but if you have a 0.05% fee well then it becomes a lot More attractive so we love seeing low Fees on the eth ETFs here but as Highlighted by his fellow ETF analyst James cyer this could mean that the eth ETFs will start trading the same week as The Bitcoin conference that's set to Happen in Nashville so if we get a Launch remember on 723 on on Tuesday Bitcoin Nashville is happening July 25th Through the 27th I mean with the ETF Launching on the 23rd Bitcoin conference Officially kicks off on the 24th very Very bullish scenario for crypto in General I expect everything to start Pumping then so moreover the ETFs open The door for the approval of ETS for Other cryptos as well we got people Applying for salana ETF so just bullish For the entire industry now I said we're Going to look at Bitcoin charts to Determine you know what is going to Happen with the eth ETFs so January 11th Was when Bitcoin ETFs were launched here And you can see it was a local top it Just you know kind of ended a nice Little 85% pump right there we went from about 26,000 all the way up to $49,000 but January 11th was the actual
Peak and then we ended up dropping so The eth ETF could be bearish we could Pump up into the launch and then drop But how long did it take for the Bitcoin To find its bottom well the ETF launch You can see it right there we're going To Wick it from the top and go all the Way down to the wick to the bottom it Fell 20% in 12 days so less than two Weeks Bitcoin found its bottom and then It started its next leg up and you can See Bitcoin just went on a tear so after The markets shook out all the weak hands You know oh buy the rumor sell the news You don't want anything to do with this Bitcoin ETF look how much it fell it Fell 20% get out get out while you can Ended up uh pumping 90% after the fact So after after a little ShakeOut period It went on a huge run I am expecting a Similar situation for ethereum let me Point something out this was actually a Bearish environment so you can see the 20% draw down a lot of people are going To say well you know what it was in the Cards we had a bearish Divergence where The price was moving up as the RSI was Heading down and then some would say Well the reason it fell is because it Was just bearish well eth isn't bearish Now we don't have you know any bullish Divergence but we don't have any bearish Divergence either so if we look right Here you can see Bitcoin fell was about
20% initially well if eth were flat upon The launch here let's just say you know It is around this $3,400 range and if we Were to fall 20% folks the downside Target is right around 2700 so you can see with Bitcoin fell 20% right there it it was a very short Amount of time so e prediction you know If we fall 20% let's just assume it's Around this level now right around 3,400 A 20% draw down is going to give you a Pretty good opportunity $2700 ethereum now I'm not saying it's Going to go to 2,700 before it pumps but You know just that is what a 20% Pullback looks like but what about the Pump there now we measured from the Bottom let's actually measure from the Top Bitcoin ended up going on a 50% pump Over about two months it was about 62 Days technically so 63 62 days 50% pump Well what does an eth 50% pump look like Well it looks pretty bullish everybody Bu if you ask me let's just say you know From the 23rd and we go out 62 days and We got a 50% pump everybody that is Given us a very very bullish September Potentially over a $55,000 ethereum in September I would Love that and that's not even going to Be the top folks I think we're actually Going to top out in 2025 so this would Just be I would say a local top before We maybe uh you know trade a little bit
Lower you know maybe perform similar to Bitcoin so after the eth ETF you know we Got a Bitcoin ETF pump and then the Markets Consolidated a little bit Ethereum will probably get an e ETF pump And then the markets probably Consolidated for a period And then after That that's when we start talking about 7,000 8,000 even $10,000 ethereum but I Said you know with Bitcoin it was a Bearish environment and eth there's some Things saying it's actually a very Bullish environment one of the things Making a bullish Supply crisis is Looming exchange balances are now down To 10% while 40% of eth is locked up at Smart contracts most in investors still Don't realize how tight the E Supply is And how big the effect of the ETF will Be zoomed in on this chart right here The blue line is e Supply and smart Contracts so you can see you know just Locking up more and more in smart Contracts red line is the exchange Balances you can see that thing is just Dropping as well creating an environment Where these e ETFs are not going to have Enough ethereum to purchase it's going To create a supply crunch will then pump The price of ethereum in a huge way and Then I'm just going to end with a very Bullish chart that we shared I think About a week ago everyone focusing on Germany Mount gaau meanwhile eth ETF
About to launch and the eth chart looks Identical to bitcoin before it pumped 200% last year study the eth ETF rallies And this is just very very close uh Similarities here you can see they Actually superimpose these charts onto This side and you see the lines the Chart the candles just coinciding Beautifully here history even comes Close to rhyming huge huge news for Ethereum I do think we can have a 5 ,000 Ethereum in the coming months after the EF but to beware we could see that 20% Pullback to the downside so these are Some of the targets I'm looking at and Hopefully I'll see you and your diamond Handed eth bags don't sell it all to Black Rock see you at the top
