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#TradeNTell #Jupiter(JUP) $JUP Hey, guys, JUP token formed a consolidation in the form of a triangle with the potential to work out to the 0.69 zone. Support is below 0.57. Stay tuned.

#TradeNTell #Jupiter(JUP) $JUP

Hey, guys,

JUP token formed a consolidation in the form of a triangle with the potential to work out to the 0.69 zone. Support is below 0.57.

Stay tuned.

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#ETH #ETHEREUM #ETHETF $ETH Hey guys, oh no another long read.😀 today let's take a look at etherium, why it has weaker growth compared to bitcoin. First of all, it should be understood that bitcoin is open to institutional investors through ETFs, while ether is not yet. And that is the key to understanding. Next week SEC will make a decision on whether or not to approve cellular ether ETF filings. In fact, you may see headlines now that the matter has been resolved and the applications will be approved and ether will go to update its ATH. But I suggest caution, as the SEC is required to accept applications for a bitcoin cellular ETF by the court, which Grayscale won in August 2023 when the SEC denied its application to reformat a bitcoin trust into an ETF. And many investors are now expecting that ethereum may suffer the same fate - rejection in May, followed by a trial, and only then a reapplication and approval. Therefore, I believe that for medium-term positions it is necessary to wait for the SEC decision, because in case of rejection, it will be negative for the instrument and we are likely to go to 2500-2600$. In case the decision is positive, then yes I quite believe that we will see an ATH upgrade in the coming months. Meanwhile, until the SEC decision we can expect a sideways movement and testing of the zone of 3300$. It should be remembered that the situation with other coins and tokens on the ether blockchain will also depend on the dynamics of ether. And one more thing, due to the release of the latest ether update, the cost of commissions has dropped dramatically. And also with the low trading volumes on the market, the network usage was also noticeably lower. All of this has led to ether becoming deflationary again. My opinion is that these are the reasons that are now holding back investors from actively buying ethereum. DYOR. Stay tuned.
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