Regarding whether the Ethereum ETF is approved or not, the news is as follows:
1. Ethereum etf19-B4 passed the review;
2. FIT21 bill passed;
3. The Fed slowed down the interest rate cut plan and preferred to maintain the current interest rate!
Analyze the news:
1. Ethereum etf19-B4 passed, and the listing process of etf was completed by one-third, and the decisive factor was the approval of S-1A;
2. The approval of FIT21 had a greater impact on the market than the former, and the United States had a positive attitude and framework for cryptocurrencies;
3. The market released positive information about the Fed's interest rate cut some time ago, and the Fed's statement this time offset the first two positives. For the market, the Fed's interest rate cut and interest rate hike have a greater impact.
The new highs in the digital currency market, including Bitcoin and Ethereum, are only a matter of time. Everything is ready, only the east wind is missing, and the east wind is the Fed's interest rate cut, waiting for a huge pump.
The price of Bitcoin is currently around 69,500. It is weak today. The upper pressure is 71,500 and the lower support is around 67,300. As long as Bitcoin does not fall below the support, all sectors will have a certain chance to perform! $BTC
