#Ethereum ETF approved, but it may take weeks or even months before trading begins. That means that ETF money are not yet actively here, while news event already played out.

So what do we have from TA point of view? Yesterday's volatility formed potential range for bullish consolidation scenario. Top at 3950 and Bottom at 3525 (although I have a feeling bottom should be moved higher to ~3630). All that within higher timeframe consolidation range I wrote described before. Last dip touched the top of that week range middle zone.

All that folds up in something very easy to interpret. Ranges have very few very understandable rules:

1) Range remain range until broken.

2) Trade only range bottom and top. Do not enter trades in the middle as you'll be chopped away.

3) The more times range border is tested the weaker it becomes. That is a general rule for all SR levels.

Summary. $ETH is within Week bull flag and now forming a bull flag at lower timeframe. Might look like shit here, but main bias remains bullish. At least while it stays above ~3400.

Will #ETH break out 4100? Yes. When will it happen? I have no idea and recommend you to avoid giving such forecasts as well.

#ETHETFsApproved