ETH ETF Listing Only Days Left

Normally, investors wouldn’t expect this to happen with only a few days left before a spot ETH ETF is listed. The final filing date for the S-1 form for the ETH ETF application is July 8, and there are speculations that the SEC may approve the listing next week. If approved, it could trigger a significant price increase.

Any increase in ETH prices could be driven by SEC approval or strong inflows or outflows in the first few days. The first targets to watch are $3,413 and $3,475.

Technical Analysis of Ethereum

The recent decline in Ether is part of a larger correction that began after the price encountered resistance at the 200-4-hour exponential moving average (EMA) and the upper boundary of its descending channel.

As of July 4, ETH is testing the lower trendline of the channel for support and could bounce back. However, Ethereum is trading at $3,020, down 6.8%. Despite the decline, the 24-hour trading volume surged 43%, with a market capitalization of $372 billion. #非农就业数据即将公布 #德国政府转移比特币