Everyone is concerned about the trend of Ethereum ETF.

As mentioned before, the trading volume is sluggish and it is more likley have a round of decline. ETH did experienced a round of decline as expected, but Ethereum has been osciliated within the range from 3400 to 3500 for 7 days, and this decline has not been able to fall below this range. This movment quite makes me confused.

At this time, you can observe the trend of BTC to judge the movement of Ethereum. Bitcoin has already fallen below the original osciliation range from 66,000 to 68,000. But it has now touched the support band of 65,200, so it may more likely to experience a slight rebound upwards and go downward. Likewise, ETH is also may go downward to fall below the support level after rebounding from 3430. At present, the more prudent operation is selling short at high price.#ETHETFsApproved #Bitcoin_Coneference_2024