Ethereum Price Prediction: ETH surges 6% as Hong Kong approves Ethereum and Bitcoin ETFs, pushing this learnable cryptocurrency past $300,000.

Ethereum price rapidly increase It has risen more than 6% in the last 24 hours as investors rush to accumulate the altcoin, trading at $3,231.84 as of 8:25 a.m. ET.

The heightened investor interest in ETH follows the asset manager’s conditional approval to begin physical Bitcoin exchange-traded fund (ETF) and spot trading. Ethereum Hong Kong ETF.

Harvest Global Investments, a partnership between HashKey Capital and Bosera Asset Management (International), announced its initial approval in separate statements today.

Ethereum price forms a bullish channel

ETH/USDT 4-hour chart (Source: TradingView)

that much Ethereum The price has printed several highs and lows on the 4-hour chart in the last 24 hours. This bullish phase created an ascending price channel and forced the leading altcoin to overcome the resistance level of $3,080.67.

Buyers are now attempting to push ETH above the $3,283.06 barrier and potentially into support. If Ethereum price closes a 4-hour candle above this threshold within the next 12 hours, it will have the ground needed to continue rising over the next 24 hours.

If this bullish trend continues, ETH could rise to $3,471.42 in the near term.

Traders may want to note that sellers are currently putting pressure on ETH. If bulls are unable to defend against this bearish force, Ethereum price could be at risk of breaking out of the aforementioned upward channel.

As a result, the cryptocurrency may correct towards the recently breached $3,080.67 level within the next 8-12 hours. At this point, continued selling pressure could push ETH down to the next major support level at $2,900.33.

Bulls Could Drive Ethereum Price Higher

Technical indicators on ETH’s 4-hour chart suggest that the altcoin king may continue to rise in the coming days. This comes after a major bullish technical flag was triggered by the Moving Average Convergence Divergence (MACD) indicator.

Over the past 12 hours, the MACD line has crossed above the MACD signal line. Traders typically identify these specific technical events as a sign that a cryptocurrency has entered a positive trend and may continue to rise in the short term thereafter.

Buyers also have an advantage over sellers, as evidenced by the Relative Strength Index (RSI) line located above the Simple Moving Average (SMA) line on the 4-hour chart. Therefore, since the former is currently stronger than the latter, it may be easier for bulls to push Ethereum price higher over the next 24 hours than for bears to push Ethereum price down.

With Bitcoin and Ethereum ETFs approved in Hong Kong, it may only be a matter of time before investors flock to small-cap derivatives from market leaders that could yield even higher returns. 99Bitcoinis one of the projects already attracting investors through its pioneering Learn-2-Earn platform.

an established brand

99Bitcoins is an educational platform that has established itself as one of the leading blockchain educators in the industry. Through a simplified approach to incorporating diagrams and editing interactive videos, the platform team has made complex crypto and blockchain aspects easier to understand for everyone.

99Bitcoins has over 700,000 subscribers through its YouTube channel and over 2 million registered users on the platform. Now the team is looking to step up its efforts to educate the public by launching its own crypto token.

What is Spatial Computing? Find out how #blockchain We are transforming AR/VR, making immersive digital worlds more interactive and secure.

Learn more: https://t.co/2hlZYRFHBv#99BTC #spatial computing #web3

— 99Bitcoins (@99BitcoinsHQ) April 8, 2024

The token incorporates an innovative learn-2-earn model. This means that users can earn cryptocurrencies by building their knowledge of the Web3 domain, providing a win-win scenario for investors.

By completing interactive learning modules, quizzes, and tutorials, users can increase their ranking on the 99Bitcoins leaderboard. The higher this rank, the larger the payout.

Additionally, completing courses and tutorials unlocks more educational content. Investors therefore have more opportunities to increase their rankings and earn cryptocurrency while engaging with the platform’s educational resources.

Investors are rushing to get in early

Cryptocurrency investors are scrambling to buy 99Bitcoins at this early stage. After recently reaching its $300,000 goal, the project’s ICO is expected to soon surpass its $1 million goal.

In addition to speculative trading opportunities for new cryptocurrencies, buyers may flock to the project’s ICOs because of the extremely high APYs offered. Now, anyone who purchases and stakes tokens can benefit from a lucrative 6,780% in annual rewards.

with #Bitcoin halving We’re just 9 days away from the event and speculation is growing. $BTCStock prices soar after halving? 🙌

Take a closer look at our analysis of the impact this pivotal supply shock could have on prices.

Read more: https://t.co/zTA3n26nDl#99Bitcoin #bisector #bull market

— 99Bitcoins (@99BitcoinsHQ) April 11, 2024

To have the opportunity to earn this APY, investors must purchase the project’s native 99BTC tokens on the official website. Selling for $0.001, this cryptocurrency can be purchased using ETH, USDT or bank cards.

However, the price will increase in 19 hours, so act immediately if you are interested.

You can purchase 99BTC here.

Related articles:

99Bitcoins (99BTC) – Learn how to earn new tokens

• Audited with solid evidence
• Established brand – founded in 2013
• Free Airdrop – Win $99,999 worth of prizes
• Learn How to Make Money – Get Paid to Complete the Trading Course
• YouTube Community of 700,000+