The rebound can't rebound much. There are Germans who are selling Bitcoin every day. It's too difficult. After digesting the Germans' selling, the enthusiasm of Ethereum spot ETF is estimated to be over.
Matrixport: SEC may approve spot Ethereum ETF this week, and the price of the currency may rebound
Matrixport released today's chart and said that on May 20, ETH ETF made great progress. The SEC asked the exchanges that submitted ETFs to modify their applications. Three days later, on May 23, the SEC approved the 19b-4 document, but the S-1 application of the ETF issuer was still not approved, and then ETH rose by 20%. Due to the July 4 holiday and the long weekend, the SEC may postpone the approval until the week of July 8 (today).
Matrixport pointed out that since ETH has fully reflected the positive approval sentiment, if the SEC takes action this week, the price of ETH may rebound.
