How would the approval of a Bitcoin ETF impact the price of Ethereum?
السلام علیکم و رحمتہ اللہ و برکاتہKea haal chaal brothers luug
Jessa Kei humein maaluum hai kal Raat Ku Bitcoin ETP spots ke approval decision tha huwa yuu kei Security Commission Ka Twitter account hacked Hu gea jb Ye new viral hunei lg gar ke Etf approved Hu gea hai lekin Gensler kei official twitter sei Koch 10 min bad tweet hoe kei SecGov Ka account havked Hu gea hai aur tweet Ka serious na lein leken yei samagh nae tb he quu aesa Hu kaafe bataein Hu rhei hai kei bitcoin kei price ku drop kar kei bitcoin ku buy krna ye real mission tha ab allah he janei kea majra tha ab almost 6 hours bd phr pta chkay ga kei ETF approved huwa hai ya nae ab dekhtay hai kea huta hai
Ab dekhtay hai kei agr RTF approved huta hai Tu Ethereum ke price Mei kea asar prta hai
Agr Bitcoin ETF kei manzoori dusri crypto ETFs jei sei kei Ethereum ke leiye raaste ku easy kr saktei hai. SEC nei May 2024 tk koch Ethereum ETFs ke faislay ku taakheir dei jeise public input ka hissa banaya geaya hai. PoS cryptocurrencies ku securities ke tuur pr tasweir krne kei kushishon ke bawajood Ethereum k aeisi mushkilaat ka saamna nai krna pda. Haal he kie lawsuits ya CFTC registration mei koe objections nai aaye is sei May 2024 tk U.S mei Ethereum ETF ki manzuuri ka imkan hai ju ETH ke prices ko behtar banasakta hai.
Ethereum-Bitcoin correlation:Agr Bitcoin ETF ki manzoori ek sell off nahi trigger karti tu Ether ke price BTC ke saath hune wale consistent correlation ki bina par ek tezzei mei hai. Manzuuri traditional investors ku khinch sakti hai crypto exposure mein izafah karke ETH ke demand mei izafah karke. Whe agr manzuuri mei deir hu ya inkaar hu tu yh market adjustments mei short term bearish pressure create kar sakti hai. Bitwise ki survey ke mutabiq sirf 39% U.S ke financial advisers is year Bitcoin ETF ke manzuuri mei yaqeen rakhte hai.
Ethereum price technicals hint at correction:Technically, ETH ki price Bitcoin ETF faislay ke agy apnei prevailing rising wedge pattern ke resistance trendline ke nazdeek hai. Agr manzuuri mei der hu ya inkaar ho tu price mei correction hu sakta hai ju ke February mei $1,865 ke qareeb huga jo ke 0.236 Fibonacci line aur 50-week EMA ke saath milta hai. Ulta ETF ki manzoori Ethereum ko rising wedge ko chhodne ke liye majbur kar sakti hai aur ascending triangle reversal pattern ku istemal karke March mei $3,870 ke qareeb tak pahunch sakti hai jise current levels se 75% izafah hoga aur yeh 0.786 Fibonacci line ke saath milta hai.
Aap Kei hesaab Sei Etherrem kei price Kaha th ha skhte hai Bitcoin ke ETF ke approved kei bad aur ap es full detail read kr skhatay hai
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