Ethereum's price did not do what many expected
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This ETF approval was handled by the Division of Trading and Markets using"delegated authority." This implies that a commissioner could still challenge the decision within the next 10 days. There is a sense of uncertainty hanging over the market, knowing that this approval might not be the final word. It feels a bit like they are trying to sneak this through, keeping the vote somewhat under the radar due to its political nature.
Despite the lack of momentum, Ethereum is still looking well positioned for a rally; above numerous key technical resistances, cheap network fees might attract more activity and a fair price level ahead of the major $4,000 threshold.Arman strongly believes that cryptocurrencies and the blockchain will be of constant use in the future. Currently, he focuses on news, articles with deep analysis of crypto projects and technical analysis of cryptocurrency trading pairs.
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