This is how investors are preparing ahead of Ethereum ETF launch

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Ethereum is up 2.3% on Wednesday as investors continue buying the dip in hopes of a rally following the launch of spot ETH ETFs.

Ethereum ETFs close to finish line, says Bitwise executive. Ethereum investors are buying the dip despite FUD from potential Golem selling spree. Ethereum bearish pressure has slowed, but key resistance could prove critical ahead of ETH ETF launch. However, other key metrics like break-even prices and Golem sales provide a deeper understanding of what to expect as the launch draws nearer.

6 million addresses broke even after ETH reached $3,000, a potential sell sign for these addresses. It could be that whales bullish on the ETH ETF approval accumulated selling pressure from retail traders who potentially sold off their tokens after ETH reclaimed the $3,000 psychological level. As ETH's price slowly tilts toward the upside, it may face a resistance at the $3,200 level.

 

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