Bitcoin (BTC) $104,976.58 price After the US market opening, it turned its direction down and lost $ 105,000. For the subcoins, these bumpy movements are chopping bad results. Although BTC suffered a rapid recovery yesterday, it should continue to close $ 104,500. So what’s the situation in the ETHBTC parity?
Ethereum and Altcoins
Ethereum 
$2,499.94 As we ran to new summits, we have always seen that Altcoins started new rally. For years ETH price Sharp is experiencing losses against BTC.
As you can see in the graph above ETHBTC His parity experienced the longest decline in history. The decline, which began in October 2022, lasted a thousand days. 77 percent of the parity has been trying to return from the bottom for the last three weeks. Moreover, the 0.023BTC level is preserved as support and 0.08406060BTC journey will begin again with the overcoming of 0.029565 and 0.032360 regions. When it comes to the summit, the ETH will exceed $ 8,400 at the peak, even if the BTC is 100 thousand dollars.
Although this target seems to be exaggerated, it is not impossible for Ether to double the last ACH level (even less). There are many major studies in the RWA area and the most commonly used public networks is the Ethereum network.
Moreover, considering with Layer2 solutions, the Ethereum network represents a large part of the crypto currency ecosystem. Even the main network of Ethereum alone has made a difference to its competitors in countless metric.
Ethereum Future
ETF Approval arrived, options have been started, network development activities continue full throttle. Adoption is accelerating and Ethereum literally fills the claim to be a computer of the internet. Ethereum, which is the most used by major financial companies and developed on pilot projects.
We have already mentioned that Chinese state banks have made RWA trials on the Ethereum network. When we put all these on top of each other, the potential of long -term demand and price is quite strong.
Until November, Altcoin ETF approvals will begin to come. This is an important detail for Ethereum because Stake approval for ETFs is expected to come in the same period. As a matter of fact, what Blackrock has recently requested from SEC was to examine this issue and give permissions.
ETH ETFs, which have reached billions of dollars, investors stake Thanks to its feature, passive income in ETH will be offered to increase the interest exponentially.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
