#Binance #btc

The cryptocurrency market has become an area where exciting developments have occurred in recent days. Frankly, it is extremely difficult to see this much excitement in another market. Bitcoin (BTC) and Ethereum (ETH) have fallen over the past 24 hours despite the approval of spot Ethereum ETFs for listing on US exchanges. This decline triggered a classic “buy the rumor, sell the news” behavior in the market, resulting in a 4% decline in the ETH price. $BTC $ETH

The overnight approval of spot Ethereum ETFs was considered an important step for the cryptocurrency market. This is an important milestone, especially for ETH, the second largest cryptocurrency by market cap. However, the ETF approval did not trigger the expected rise in prices. Rather, it pointed to a short-term bearish trend.

Despite the short-term price correction, some investors remain optimistic about Ethereum's future performance. The expectation of a rally exceeding 60% in the coming months is supported by the increasing demand for futures and spot buying observed in recent weeks.

This bullish trend reflects confidence in the potential growth of Ethereum and the overall cryptocurrency market, despite current market dynamics. #BinanceHerYerde