🔹 Ethereum ETF Will Launch on July 2
Bloomberg analyst Eric Balchunas has revised the expected launch date for the long-awaited Ethereum spot ETF to July 2. The change comes after recent comments from SEC staff to issuers of S-1 filings, which said the process was going well and there were only a few comments that could be resolved within a week.
📊 Data from IntoTheBlock shows that ETH has relatively strong support just below the $3,400 level. The demand zone between $3,266 and $3,371, where approximately $1.36 million of ETH was previously purchased by approximately 2.86 million addresses, has the potential to absorb any selling pressure.
