Ethereum Price Prediction: SEC Halts $ETH Treasury Stock After 2,000% Surge – Is ETH More Bullish Than Most Realise?
Ethereum seems to be oversold proper now. In lower than a month, it went from breaking an all-time high to slipping underneath $4,000. It is the sharpest drop among the many high 10 cash, which feels unusual since simply final month, many analysts have been calling for Ethereum to “outperform” of their worth prediction.
Between September 22 and 26, noticeable outflows slammed Bitcoin and Ethereum ETFs. ETH-based ETFs noticed $795.5M exit, marking their largest weekly outflow on document. Fidelity’s FETH (-$362M) and BlackRock’s ETHA (-$241M) led the withdrawals, exhibiting how rapidly sentiment shifted regardless of the excitement round ETF development.
The whiplash was clear. Just every week earlier than, Bitcoin and Ethereum ETFs mixed pulled in over $1.4B in inflows. But by September 29, ETH ETFs loaded again up with $546.9M, a pointy reversal that pushed Ethereum again over $4,100 and indicated that institutional demand has not gone away.
ETH ETFs and treasuries are the largest drivers for worth proper now. After MicroStrategy’s success with its large Bitcoin treasury, many firms tried to repeat the playbook. QMMM Holdings not too long ago tried the identical with Ethereum, however the SEC stepped in with a really completely different response.
SEC Halts Trading Of Ethereum Treasury Firm QMMM After 2,000% Stock Surge
The SEC simply froze trading of QMMM Holdings after its inventory exploded greater than 2,000% in a month. The regulator says it’s trying into “potential manipulation.”
Here is what went down: QMMM, a digital promoting firm based mostly in Hong Kong, introduced earlier this month that it might construct a $100M crypto treasury with Bitcoin, Ethereum, and Solana. That information despatched the inventory flying, gaining over 2,100% in September alone.
But now buying and selling is suspended until October 10 whereas the SEC investigates. They identified that unknown folks on social media have been telling traders to purchase QMMM shares, which appeared like makes an attempt to artificially pump the worth.
Ethereum Price Prediction: Is ETH More Bullish Than Most Realise?
With ETF inflows turning inexperienced, Ethereum is exhibiting indicators of restoration after the latest breakdown, now buying and selling close to $4,150. The $4,200 degree is the quick resistance, and a clear break above may open the way in which towards $4,280 and ultimately $4,480.
On the flip facet, $3,900 stands as robust help. If that degree provides method, ETH may slip towards $3,611, the place a earlier purchase wall fashioned.
The RSI is sitting round 47, not giving any clear sign, which leaves room for both course. Right now, Ethereum is caught in a spread that may be traded each methods, and solely a transparent breakout on both facet will set the subsequent pattern.
Maxi Doge Presale Hits $2.6M: One of the Hottest Meme Coins on Ethereum
Ethereum may look overwhelmed down after its sharp drop, however ETF inflows are flashing restoration indicators, and merchants are looking ahead to a breakout above $4,200. When ETH momentum flips again to bullish, it normally drags memecoins proper together with it, and Maxi Doge is already main that wave.
Maxi Doge, the Dogecoin-inspired “gymnasium bro” meme token, has blasted previous $2.6M in presale. It leans totally into meme tradition with a high-leverage, degenerate character whereas nonetheless providing extras like staking and neighborhood contests to maintain engagement high.
No non-public gross sales, no insider dumping, 40% of the availability is accessible in presale, giving retail a good shot. On high of that, early consumers can lock in as much as 129% annual yield by staking MAXI earlier than the presale even ends.
With Ethereum organising for its subsequent leg larger, Maxi Doge is primed to journey the hype cycle. ETH pumps gasoline memecoins, and this one has the neighborhood power to profit from it.
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