Experts forecast that Ethereum might reach new all-time highs in the next few months following the introduction of the first U.S. spot Ether ETFs on July 23.

These new ETFs experienced a strong debut, with $120 million in trading volume recorded within the first 15 minutes and $361 million in the initial 90 minutes.

Total trading volume has now surpassed $1 billion.

Analysts consider these ETFs to be undervalued and predict heightened market volatility and significant price shifts. Key resistance points for Ether are identified between $2,672 and $3,730, while essential support is noted at $3,350.

Source: Cointelegraph