Ethereum ETF is expected to boost the market: Bitcoin and altcoins are turning around

Driven by the expected approval of the Ethereum ETF, the price of Ethereum (ETH) has risen rapidly, leading to a wave of market turnaround for Bitcoin and altcoins. Although the prices of some altcoins have risen, many investors are still stuck because the previous decline was too large. However, this round of Ethereum's rise is basically in line with expectations. Watch whether Ethereum can break through the strong support level of $2,800. If it falls below this position, it will continue to decline; but if it is bought below $2,800, Ethereum is very cost-effective. Similarly, Bitcoin is also a very strong support level at $60,000, and the trend at the time also confirmed this.

It is worth noting that the last time Ethereum rose 20% in a single day was in May 2021, which means that yesterday's rise was the strongest in the past three years and is likely to continue.