Calm before the storm?

Here's a quick summary of this weekend's news and updates. 👇

So far, we had a pretty boring but usual weekend market. Most crypto assets fluctuated 1%-2% and showed no intention for stronger moves.

RSI Continues to Recover While Bulls & Bears Are in Balance ✅

The overall crypto market RSI has continued to recover slightly. At the same time, the amount of bullish and bearish signals on the daily chart is very much in balance for the second day in a row.

Ethereum ETF Launch Will Be Delayed Most Likely 🚨

One of the most essential updates came in just a few hours ago. "According to Bloomberg ETF analysts, the SEC has taken additional time to return the S-1 forms submitted by prospective spot Ether ETF issuers, pushing the launch to mid-July or later."

However, this news did not impact the market. Nevertheless, the delay could potentially lead to a more extended period of sideways price action since many consider the $ETH ETF to be THE altseason catapult.