ETH Move Priced In Before ETF Approval
Leading up to the SEC’s announcement, Ethereum experienced a surge in price, fueled by speculation surrounding the impending ETF approval. On May 20th, ETH witnessed a notable uptick, soaring by 15% from $3.1k to $3.7k. Technical indicators such as the Relative Strength Index (RSI) and the Chaikin Money Flow (CMF) signaled robust buying pressure, with traders eagerly anticipating a favorable outcome.·
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