? ETH UPDATE

The chart might look cluttered, but in fact it is very simple:

- There is a descending channel, so there are two obvious zones for purchase: bottom of the channel and breakout of the channel’s resistance

- Starting from the middle line of the channel, the priority turns slightly upwards

- The support of $2860 is very strong and should hold the price, this is where you can buy too

?? JUST IN: El Salvador is buying the Bitcoin dips.

SEC Chairman Anticipates Approval of Ethereum ETF Application This Summer

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SEC Chairman Anticipates Approval of Ethereum ETF Application This Summer

According to PANews, Gary Gensler, Chairman of the U.S. Securities and Exchange Commission (SEC), is expected to approve the S1 application for an Ethereum ETF sometime this summer. The report was ini

JUST IN: SEC Ethereum ETF discussions underway, S-1 approval expected in hours.

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? A deadline for the final decision about the VanEck Ethereum ETF is 23th of May. It cannot be moved any further.

Recently SEC has already postponed a decision about the Invesco Galaxy Ethereum for 60 more days until 5th of July.

More likely we won't see any ETH ETF Approvals this month. That's why we can consider that the negative effect of these events is already priced in (by what is currently happening on Bitcoin & other crypto markets).

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*? ALL TIME HIGH ON BITCOIN REACHED!*

In the #Bitcoin price chart, a bearish harmonic pattern has formed again and there is a possibility of the price falling again to the level of $39,000.

The support level is $40,210 to $40,760.