Solana gains spotlight as Ethereum ETF countdown begins – perspective by AMBCrypto
The crypto world is on edge as Ethereum ETF launch approaches. The Ethereum (ETH) launch is set for 23rd July, according to a renowned crypto analyst. This milestone comes after Bitcoin’s ETF success.
Amidst these developments, VanEck’s recent filing for a Solana ETF has intensified market anticipation.
Eric Balchunas, a senior ETF analyst for Bloomberg, recently replied to an ETF approval week tweet and added more fuel to the Ethereum ETF launch speculations. In the tweet, he stated that the the launch could be on 23rd July.
At press time, Solana was trading around $160.79, forming a bullish pennant pattern. The recent breakout above key resistance signals potential for further gains.
If it breaks through the bullish pennant resistance, the rally will continue. Both the RSI and MACD indicators support an optimistic bullish outlook.
