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Cryptocurrencies Price Prediction: Cryptos, Ethereum & Bitcoin – American Wrap 14 May

Cryptocurrencies Price Prediction: Cryptos, Ethereum & Bitcoin – American Wrap 14 May

Ethereum bears in motion as Vitalik Buterin proposes new gas fee structure

Ethereum (ETH) is indicating signs of a bearish move on Tuesday as it is largely trading horizontally. Its co-founder Vitalik Buterin has also proposed a new type of gas fee structure, while the chances of the Securities & Exchange Commission (SEC) approving a spot ETH ETF decrease with every passing day.
Bitcoin (BTC) price tests the patience of traders as it glides along an ascending trendline on the four-hour time frame. Meanwhile, the GameStop saga that has resurfaced after three years distracts the market.
Meme coins Dogecoin (DOGE), Shiba Inu (SHIB), and Bonk (BONK) rallied alongside top meme tokens in response to GameStop’s rally on Monday. As legendary trader “Roaring Kitty” resurfaced on X with a series of tweets, meme tokens rallied, piling gains on Monday. 
 

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