Ethereum trades in $3.4K, up by 10.91% over the past week.
The daily RSI stands at 56.57, indicating ETH’s neutral condition.
After enduring innumerable support and resistance, Ethereum’s price bounced back and sustained itself within the price range of $3.3K. Over the past 24 hours, the price of ETH has spiked by 2.38%. The upcoming ETF launch triggering anticipation among the community catalyzes the current bullish sentiment of ETH.
Notably, the approval of spot Ethereum ETF trading in the US is anticipated on July 23rd, as per Bloomberg ETF analyst Eric Balchunas’s prediction. He further mentioned that the SEC is responding to issuers, asking them to return the final S-1 forms. Similarly, another renowned ETF analyst, James Seyffart highlights that the Ethereum ETFs will start trading the same week as the Bitcoin Conference in Nashville.
Comparatively, in recent times, whale movements is not been widely detected. Over the past 10 hours, nearly 21,266 ETH, wort
We współpracy z: https://thenewscrypto.com/will-ethereum-break-the-pattern-after-the-spot-eth-etf-launch/
