Only a fool would sell Ethereum at this time! Matrixport: Ethereum ETF approval seems imminent, and the market may not see a "sell news" event this time
On July 10, according to Matrixport analysis, according to the S-1 filing submitted to the SEC, the approval of the Ethereum ETF seems imminent. Although Ethereum prices have retreated from the rebound since May 20, 2023, when the SEC required exchanges to resubmit Form 19b-4, ETH's market position remains bullish.
The number of long positions increased from 2.7 million ETH to 3.1 million ETH. This shows that futures traders are already looking forward to the approval of the ETH ETF, although the spot price has not yet reflected this sentiment. There may not be a "sell news" event in the market this time.
