No one can be sure when the US SEC will approve the spot Ethereum ETF registration statement, which is expected to be in next few weeks. Now it's just a matter of how long the SEC wants to delay.
Ethereum has been trading within a parallel channel since the beginning of the month, and is currently using the daily SMMA as support, if we break out of the channel with confirmation, I believe we will easily see Ethereum return to $4,000 or close to it in the short term, that will be bullish for the Altcoins.
Ethereum has been trading within a parallel channel since the beginning of the month, and is currently using the daily SMMA as support, if we break out of the channel with confirmation, I believe we will easily see Ethereum return to $4,000 or close to it in the short term, that will be bullish for the Altcoins.
Nota
We have got no confirmation of channel breakout, currently rejecting support marked in redNota
Nota
Bullish Nota
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