The Ethereum Price Surges
The price of Ethereum has increased by more than 5% in the past 24 hours and is currently trading at $2,630.13.
Franklin Templeton Joins The Ethereum ETF Race
Asset management firm Franklin Templeton has filed for a spot Ethereum ETF with the U.S. Securities and Exchange Commission, planning to stake a portion of the ETF’s ETH to produce additional income.
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Ethereum Price Attempts To Challenge Resistance
Ethereum’s price is close to challenging the $2,685 resistance level. Breaking this threshold within the next 48 hours could position the altcoin for further gains, but failure to do so could result in a correction to $2,295 or even $2,130.
Technicals Suggest Bulls Will Continue To Boost The Ethereum Price
Technical indicators on ETH’s daily chart show a bullish trend strengthening, but also that ETH is in overbought territory, signaling a potential for investors to take profit.
A New Solana Meme Coin
Smog is the latest meme coin in the Solana ecosystem and plans to have a large airdrop event, encouraging token ownership to build community and generate excitement.
Road To Virality
Smog aims to attain virality through a Zealy campaign and other interactive quests to engage its community, ultimately aiming to become the next altcoin to yield substantial gains for investors.
Hot Take: The Future of Ethereum
It will be interesting to see how the implementation of an Ethereum ETF by Franklin Templeton will impact the price, as well as how Smog’s airdrop event and community-building efforts will affect its journey to becoming a viral meme coin.
