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Legendary Trader John Bollinger Shares Take on ETH Price as ETF Decision Nears

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Ethereum has risen over 29% this week as ETF approval speculation heightened

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While expectations continue for potential SEC approval, Bollinger feels that the market has already priced in most of the news regarding the Ethereum ETF, and the resultant discount, which is thought to be in the context of Grayscale's ETHE, is largely gone.With the news accounted for, Bollinger perceives that the current market move is overextended, indicating that the price may have reached a peak that could be followed by a correction.

 

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