Ethereum ETF Approval Nears – Bitcoin Risks Loom
Institutional Crypto Research Written by Experts
Join the waitlist & use campaign code “10X” (CLICK HERE)
👇1-12) All six applicants for spot Ethereum ETFs have filed updated S-1 forms, signaling that SEC approval may be imminent. This development comes in a week when crypto prices could rebound, driven by expectations of a weaker US CPI report on Thursday. In our Saturday report, 'Bitcoin: Preparing for Next Week,’ we detailed this anticipated rebound.
Bitcoin has hit some support near $55,000
👇2-12) Oversold indicators suggest a short-term reversal in anticipation of a possible mini-rally. Currently, two out of three reversal indicators have turned bullish, and with an RSI reading of 38%, even short sellers may need to hold off until a potential failure at the $60,000-$62,000 level could push prices lower.
Bitcoin appears to be forming a short-term base