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Cryptocurrencies Price Prediction: Ethereum, Tokens & ETF – American Wrap 17 June

Ethereum downtrend could prove a buy-the-dip opportunity following Canada's second staked ETH ETF

Ethereum (ETH) resumed its downward trend on Monday after a slight weekend recovery following the launch of the Canada-based Purpose Investment Staked ETH ETF.
ETH/USDT 4-hour chart

Artificial Intelligence (AI) tokens and meme coins have observed sharp declines in prices, with several assets experiencing double-digit drops. 

Amidst the market wide correction in crypto, tokens like Fetch.ai (FET), SingularityNET (AGIX), Ocean Protocol (OCEAN), Origin Trail (TRAC), Beercoin (BEER), Slerf (SLERF), Peng (PENG) have witnessed double-digit declines in the past 24 hours. 

Ethereum resumes downtrend as Canada sees another staked ETH ETF launch

Ethereum (ETH) resumed its downward trend on Monday after a slight weekend recovery following the launch of the Canada-based Purpose Investment Staked ETH ETF.
ETH/USDT 4-hour chart
 

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