What will happen to #ETHEREUM in the next few weeks?
Let's take a look👀
We have 2 important factors to evaluate and from wich the price trend of #Ethererum will be decide:
1. #Etf will start trading
Generally, investors who use ETFs are people or companies that have a large capital to invest. See what happen with the approval of the #Bitcoin ETF.
The SEC recently announced that we are close to the start of spot etf trading on #eth wich means that the retest zone we are heading to could be breached upwards with the news of the approval.
2. FUD
Fear, Uncertanty and Doubt.
We are in a period of extreme fear in the market.
Bitcoin's retracing, the rate cut that has not yet arrived and the leakege of liquidity from risk-on assets bring price congestion and downward volatility.
For this, non-positive news is enough and we will see the price come back down and go to retest the price range between 2800/2500$.
Of course, this is my point of view🤝