Main password: ETF approval is imminent, ETH has a rare $155 million order wall! From 2 to 4 a.m. tonight, the U.S. SEC will approve the first batch of Ethereum spot ETF applications. The main ETH spot is bullish, with over $150 million in selling:
Bet range: $3850~S4500, with a total selling amount of up to $155 million. Focus: $4000, Coinbase and Binance are selling at this point for $12.19 million and $18.98 million respectively. Among them, the main Coinbase has placed a large order for 1 day at 21:00
Currently, the market generally bets that the SEC will approve the ETF application. If it meets expectations, the short-term conservative can be bullish to $4000 first. If $4000 stands firm, then look at $4500; the lower support is $3742 and S3434
The transaction of super-large selling orders will form a certain selling pressure. After the news falls, please pay close attention to the main Coinbase orders. Data is for reference only
