According to TechFlow, Matrixport released a chart today saying that according to the S-1 filing submitted to the SEC, the approval of the Ethereum ETF seems imminent. Although the price of Ethereum has fallen back since May 20, 2023, the market position of ETH remains bullish.
The increase in long positions from 2.7 million ETH to 3.1 million ETH indicates that futures traders are looking forward to the approval of the ETH ETF, and the spot price has not yet reflected this sentiment. The market may not see a "sell the news" event this time.
