#ETH #ETHETFs #ETH🔷 $ETH
Hey, guys,

Ethereum has tested the 3400-3500 support zone. At the moment the price is consolidating in the form of a wedge.

A break of which upwards we will be back to the 3800-3900 zone and it could be a run to update the high. From the positive FUD now the termination of the SEC investigation, and historically low balance on the exchanges. Whether there will be a breakout anytime soon or in a month is unknown. Remember the seasonal factor, statistically June-July is one of our weak periods, only August-September is worse, but who knows, seasonality without fundamentals, TA, and sentiment doesn't work. The launch of spot ETF trading looms ahead.

In case of a continuation of the crypto market correction, we may see the price return to the consolidation breakdown zone to the 3000-3100 zone again.

Stay tuned.