$ETH (Update)

Attempting to break the trend line in the 2-hour timeframe.
In the event of a successful upside breakout, anticipate a bullish wave. 📈

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𝗟𝗔𝗧𝗘𝗦𝗧: 𝗕𝗹𝗮𝗰𝗸𝗥𝗼𝗰𝗸 𝗖𝗘𝗢 𝗙𝗶𝗻𝗸 𝗦𝗲𝗲𝘀 𝗛𝗼𝗽𝗲 𝗳𝗼𝗿 𝗘𝘁𝗵𝗲𝗿𝗲𝘂𝗺 𝗦𝗽𝗼𝘁 𝗘𝗧𝗙 𝗔𝗺𝗶𝗱 𝗥𝗲𝗴𝘂𝗹𝗮𝘁𝗼𝗿𝘆 𝗨𝗻𝗰𝗲𝗿𝘁𝗮𝗶𝗻𝘁𝘆

BlackRock CEO Larry Fink expressed optimism regarding the potential launch of a spot Ethereum exchange-traded fund (ETF), despite uncertainties surrounding Ethereum’s regulatory classification. Fink’s remarks were disclosed during an appearance on the ‘The Claman Countdown’ show, where he suggested that even if Ethereum is deemed a security, it might not hinder the establishment of an Ethereum ETF. This statement comes at a crucial time as BlackRock, along with other prominent investment firms like ARK Invest and VanEck, awaits regulatory approval for spot Ethereum ETFs, with the US Securities and Exchange Commission (SEC) expected to make a decision by May 23.

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$ETH has confirmed an upside breakout from the descending broadening wedge pattern on the shorter timeframe chart. ✅

Anticipate a move back above $4,000. 📈

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➡️Keep in mind, $ETH

#Ethereum has yet to reach its new all-time high. 🧐

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