Crypto Market Status - 24th May đ„
THERE WE GO!
Yesterday, the SEC approved a batch of spot Ethereum ETFs after a sudden pivot just four months after it approved spot Bitcoin ETFs.
And what did the crypto market do? Nothing :)
Certainly, there was some volatility, but overall, the market acted quite relaxed. No sell-the-news, no god candles - business as usual.
However, I am super convinced that the #ETHETFS approval will be a huge catalyst â for #Ethereum to reach new heights and for a proper #altseason
When it comes to trading, we should enter a phase defined by perfect conditions. Overall, there is a bullish sentiment, lots of new money flowing into the market, and many tokens that should reach new ATHs in the coming months.
Looking at the daily chart's signal count, we can see that the bulls are still in controlâalthough yesterday was a rather bearish day.
Putting it together: I think we should have some perfect entries. I will def post some setups during the day.
