Last night, stimulated by the news that the spot ETF was about to pass, most people did not expect that the Ethereum spot ETF would pass the first application.
In fact, this is not difficult to understand. There is an old Chinese saying: Everything is difficult at the beginning. Although the road to the Bitcoin spot ETF was bumpy, it also changed the views of traditional institutions and capital on the crypto field.
I think this is why the Ethereum spot ETF passed so smoothly.
Ethereum rose sharply by 620 points last night, and the maximum intraday increase yesterday was 670 points. Very crazy
Ether has not only been silent for a long time, I believe that this process has washed away many unsteady holders. And knocked out all the bottom short orders in one fell swoop. Let them become the fuel for the rocket 🚀 to take off.
After changing the line today, it began to fall after touching the pressure near 3720, and the support below is 3500-3560
