ETH's spot ETF passed, but the price fell instead of rising, and a large liquidation occurred. Brother Wang believes that the biggest beneficiary of the ETF is not ETH, but most of the altcoins.

Previously, the United States took action against UNI and DeFi, and superimposed the passed encryption law. Wall Street rumored that ETH would be defined as a security. Once it becomes a security, it means that public chains such as ETH will be subject to SEC control and must be completely removed from the platform.

Passing the ETF means that the altcoins can breathe a sigh of relief, and the project parties can finally let go of their worries, which is a good thing for the depressed altcoins.

BTC:

ETF funds continue to flow in, which plays a supporting role for BTC. The good news has landed. The hourly line is facing a top divergence and bottoming out. It needs to further test the bottom support. The $66,976 below is the key point for the pin. Only by standing firmly at $66,976 can it build a bottom and strengthen. Exchange qun+V: WG65825 Next, BTC will test $66,976.

Resistance: 68378, 70256, 71523

Support: 66976, 65342, 64034

ETH:

30,000 ETH transferred to Coinbase, which has a negative impact on ETH. The hourly line has been continuously inserted, confirming the box selling pressure. The lower $3676 is the key point of the box. Only when ETH stands firmly at $3676 can it break the shock deadlock and start a new round of market. Next, ETH will test $3676.

Resistance: 3866, 3946, 4073

Support: 3676, 3567, 3465#现货以太坊ETF获美SEC批准 #BTC走势分析