ETH ETF is coming soon

With only a few days left before the spot ETH ETF is launched, investors would not have expected such a situation. The final filing date for the S-1 form of the ETH ETF application is July 8, and there are speculations that the SEC may approve the listing next week. If approved, the price may rise sharply.

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

Technical analysis of Ethereum

The recent decline of Ethereum is part of a larger correction, which started 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 may rebound.

However, Ethereum is currently trading at $3,020, down 6.8%. Despite the decline, the 24-hour trading volume has surged by 43%, with a market capitalization of $372 billion.

This situation shows that the market is highly concerned about and expects the listing of ETH ETF, and also shows the volatility of Ethereum price in the short term.

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As I said before, at this stage, we are all planning some good currencies

Those who believe, are interested, and want to witness the strength

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