$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.