$ETH 's IMPORTANT UPDATE đš
inverse chart is breaking below the 4H support (pink zone) + the Quarterly VWAP on 4H, a 4H close below would be very important to send $ETH back to $3500 zone.
The chart is literally a textbook setup in terms of price breaking below trendline impulsively, giving a bearish retest and falling back down, complete textbook move.
I understand that $ETH is lagging alot in comparison to $BTC but you are missing the bigger picture. Grayscale Ethereum fund has seen more than $1.5B in outflows already and they only have $9.2B in total. At this pace, the outflows will be exhausted in around 2 weeks only and then you'd have the same playbook we saw in case of $BTC, $38K - $72K â
#BinanceTurns7 #ETH_ETFs_Trading_Today #VanEck_SOL_ETFS #ETHETFsApproved