Play the BlackRock Ethereum ETF Price Pump with ETHETF Token – Already 400% Gains at Launch
Wednesday, November 15, 2023 – A 400% gain for early DEX hunters from ETHETF Token is fuelling a robust Ethereum ETF narrative in the crypto market after the new token launched on Uniswap yesterday.
$ETHETF launched at 1pm GMT on Tuesday and secured quick 4x gains for the earliest buyers amidst strong liquidity and volume, signaling the possibility of much higher prices to come once news of its arrival gets out and the Ethereum narrative takes further hold of the market.
A little over 24 hours after stealth-launching, $ETHETF – playing off positive sentiment around Ethereum ETF news – reached a market capitalization of over $2 million before finding support around $1.2 million. With $520,000 liquidity – locked in the Uniswap V3 pool for seven days – facilitating smooth trading and minimal price slippage, the token has formed a strong foundation.
The ETHETF Token website states the coin’s intention to be ahead of the curve before BlackRock’s spot ETF is brought to the market, an event that is expected to cause a price explosion for Ethereum (ETH) and all coins associated with it.
To keep abreast of the latest developments in the ETHETF Token project, follow the X account and join the ETHETF Telegram group.
The Ethereum price broke out towards $2,000 last week following BlackRock’s application for an Ethereum spot ETF, but market watchers have now found another way to play this move.
For traders, Ethereum’s price has reached historical resistance at the $ 2,000 mark, and staying above this level was a requirement for many analysts to increase their bullish sentiment for altcoins.
Several prominent altcoins have seen price increases as much as 100% or more recently as capital rotates from Bitcoin to Ethereum to larger cap alts.
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