Crypto Market Analysis 6.23 ETH ETF S-1 File May Be Available as Early as July 2

Bitwise, BlackRock, Fidelity, Franklin Templeton, Grayscale, Invesco, VanEck and 21Shares, eight Ethereum ETF applicants, have submitted updated documents for their spot Ethereum exchange-traded fund (ETF) applications. Balchunas predicts that the listing date of these ETFs may be around July 2. BlackRock invested $10 million in its proposed Ethereum spot ETF.

Funds continue to withdraw from the crypto market. Last week, investors withdrew $400 million from the cryptocurrency market, and derivatives liquidations exceeded $5 billion.

The Ethereum file focuses on the Ethereum series of projects. Ethereum has the opportunity to hit the bottom and then hit the target of 3,700. Bitcoin is expected to wear out until after the end of June.

Daily level market

- ​​The daily level is still in a downward trend, and it has entered a short-term repair period. The upper pressure is around 65,000, and the lower support is around 63,500. There is a probability of charging the top pressure position.

4-hour level market

The 4-hour level rebounded in a short period of weekends, and the bottom support position is around 64,000-63,500. After stepping back to support, it can be seen that it will break through around 65,000.

Intraday level analysis

-----The intraday market continues to repair the market during the day, and the upper pressure position is around 65,000-64,800. Pay attention to the support near 64,000 when stepping back. When stepping back to the support position, you can go long to gamble on the increase at night.

The weekly level bottom support is around 63,500. Although it has not bottomed out yet, there is still a chance of oversold rebound and eat a short-term wave. The bottom of the weekly level of ETH appears near 3350, and the upper pressure is around 3550. It is expected that if it moves slowly, it will take another week to wear out. If it is fast enough, the 4-hour level rebound can reach around 3550.

Spot can safely get through this difficult period in the history of encryption and remain calm in the face of difficulties. #美联储何时降息？ #BTC走勢分析