Ethereum could see weekend rally as Michael Saylor predicts spot ETH ETF rejection

Michael Saylor says that Ethereum is a crypto asset security and spot ETH ETFs won't be approved. ETH short liquidations have increased more than long in the past 24 hours. Recent price data indicates Ethereum could see a weekend rally. However, MicroStrategy Executive Chairman Michael Saylor attempted to spoil the fun after calling ETH a security and predicting spot ETH ETFs would be rejected by the Securities & Exchange Commission .

This indicates the market is on the verge of turning bullish as recent options data also seem bullish, according to data from Greekslive. Technical analysis: Ethereum could see a weekend rally Ethereum may be on the verge of a bullish move following its recent price movement. ETH broke the $3,029 key level on Friday and is looking set to tackle the resistance of $3,103 from April 26.

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