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
According to the current trend, it has reached the support range and has rebounded a little, but this is far from enough, because if the market does not stop falling, it is not realistic to rebound against the trend at this position!
Then the next range support will be in the strong support range box last year, which is basically the price range of 4-3.8u! According to the current trend, it is also possible to reach it. The small support can be added to a position near 5.6. If this position 5.6 is also effectively broken, then wait for the range bottom!
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Friends who have been buying at the bottom recently are lying low❓❓
The second wave of orders in the day is also random🐶 [eat melon][eat melon]
Isn’t there still someone who is buying the bottom? I’ve been talking about it for two days, but I still need to wait and see. If I do more, I’ll do it🐶 Still don’t understand? ❓❓Don’t waste thousands of Lirun points just for a few hundred points rebound‼ ️ #德国政府转移比特币 #币安合约锦标赛 #ASI代币合并计划