$ETH Analysis+Signal 🚨🚀

1. ETH has been a slow downtrend for June, but it has began building a range as it finds

levels to stabilize on. I believe ETH will build a solid higher low here as we approach the

ETF listing

2. Keep in mind once the ETFs are listed, Grayscale will go through selling pressure as the

ETFs rebalance due to fee differences. This will lead to a corrective period post listing.

💸 My main scenarios for this week:

1) Look for a breakout of the trendline as price crosses $3500 which should a

breakout towards the $3585 and $3670 level. I do expect ETH to outperform BTC

for such a move, hence the high targets. Speculative to say but a local top could

align with the ETH ETF listing rebalancing with Grayscale, which will bring

selling pressure.

2) Look for a breakdown of the recent support at $3350, this could lead price to

move lower and retrace the approval pump. Good levels below are $3280 and

$3160.

For when the listing happens, look for ETH to begin correcting as it rebalances,

this will be more of an event based trade rather than level based trade.

I am unsure where this local top may form or how much the market will move up

before this.

#ETH_ETFs_Approval_Predictions #ETHETFsApproved #CPIAlert #eth

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