$ETHFI — The last time Bitcoin dropped to the $53k level, ETHFI fell to $1.71 but then rebounded to $2.7 when Bitcoin climbed back to $69k. Yesterday, Bitcoin dropped from $69k to $60k, causing ETHFI to plummet from $2.7 to $1.55. The key question now is whether ETHFI can recover to $2.7 before Bitcoin potentially drops further to $53k.

#ETH_ETFs_Approval_Predictions #MtGoxJulyRepayments #SOFR_Spike