Ethereum $ETF launch postponed, what do you think of the future market
1. Before the Ethereum spot ETF application is officially launched on July 8, the short-term trend before the 8th is oscillating upward. If it is not passed, it is expected to be positive
2. The positive situation on the 8th will be a short-term correction, and smart funds will leave the market, including the selling pressure of 10 billion ether held by Grayscale. It will fluctuate and pull back for about one or two weeks before going up
3. In the last two rounds of bull markets, July closed mainly positive, and September was the main rising wave. In addition, CZ returned within four weeks, and the negative impact of the Mentougou incident on July 15 was resolved. In July, the order was mainly low-long
4. The $ETH descending wedge breakthrough has been completed. From a technical point of view, as long as the retracement does not fall below 3409, the market will continue to rise to the target of 3600-3700.