Predicting how ETH will react IF the SEC approves Ethereum ETFs

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In spite of the general bearish expectation in the market, there is still a chance the SEC will approve Ethereum ETFs.

Ethereum’s dominance and performance are at a low, suggesting a need for positive development soon.But still, no real confirmation has been gotten from the agency itself on what it’s planning. So there is still a chance, no matter how slim, that the SEC would approve these ETFs.

Bitcoin’s has been relatively low or negative, which could imply a cooling off of bullish momentum or increased caution among traders, especially during price dips as it happened in mid-April.Moreover, the increase in Open Interest despite lower trading volumes suggests that traders might be preparing for significant price moves ahead, as positions are being built up.shows a consistent bullish trend over a two-day period.

 

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