Ethereum ETF Approval Nears – Bitcoin Risks Loom

Institutional Crypto Research Written by Experts

👇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.

Subscribe to Premium Membership to read the rest.

Become a paying subscriber of Premium Membership to get access to this post and other subscriber-only content.

Already a paying subscriber? Sign In

A subscription gets you:
Receive concise, unrivalled informative crypto trading strategy reports (2-4x per week).
In just 10 paragraphs, unraveling the complexities and market structure of crypto and its dynamic landscape.
Insights into the intersection of crypto, regulations, macroeconomic trends, and policy shifts.
Apply to join subscriber ONLY Telegram Group. (Please read our Terms and Conditions and Disclaimer @ www.10xResearch.co))