đ A historic day for Ethereum!
đ It's done, the SEC (Securities and Exchange Commission) has just validated the S-1 forms, the Ethereum spot ETFs are therefore validated! After the Bitcoin ETFs, the Ethereum ETFs will be launched todayâŠ
đ And this is an excellent time to watch what whales who have more than 10,000 ETH in their wallets (blue curve) are doing.
đ We can see that there has been a strong distribution since the market peak of 2021. And even if the price has been trending upward for several months, the whales are distributing their ETH.
đ§ The arrival of ETFs could make these entities want to change their behavior.
