#Ethereum ETF Approval Nears – #Bitcoin Risks Loom
👇1-12) All six applicants for spot Ethereum ETFs have filed updated S-1 forms, signaling that SEC approval may be imminent. This development comes in a week when crypto prices could rebound, driven by expectations of a weaker US CPI report on Thursday. In our Saturday report, 'Bitcoin: Preparing for Next Week,’ we detailed this anticipated rebound.
👇2-12) Oversold indicators suggest a short-term reversal in anticipation of a possible mini-rally. Currently, two out of three reversal indicators have turned bullish, and with an RSI reading of 38%, even short sellers may need to hold off until a potential failure at the $60,000-$62,000 level could push prices lower.
👇3-12) Full report here:
https://mail.10xresearch.co/p/ethereum-etf-approval-nears-bitcoin-risks-loom
