$ETH Eyes Breakout: Will ETH ETF Decision Drive Price to $6k?

$ETH shows bullish signs with falling wedge/bull flag pattern and strong bounce off support.

ETH ETF decision to be announced on Thursday. Deadline for 4 ETF issuers starts at the end of this month, May 23.

Potential Targets:

Approval: ETH could surge to $5k-6k.

Rejection: ETHUSDT could drop to $2500-2000.

Conversely, a rejection, especially based on token classification as securities, could result in a drop for ETH and#DeFiassets.

Strategy: Consider a spot long position, but avoid over-leverage due to potential volatility.

Stay informed and trade smartly.