Potential Ethereum ETF Approval Could Trigger Crypto Market Rebound

Digital asset research firm 10x Research suggests that the impending SEC approval of Ether ETFs could trigger a price rebound. According to the firm, six applicants for spot Ethereum ETFs recently submitted updated S-1 forms, sparking speculation of imminent approval by the SEC. This approval could increase institutional investment in Ethereum and the broader cryptocurrency […]

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Potential Ethereum ETF Approval Could Trigger Crypto Market Rebound

  • SEC approval of Ethereum ETFs might boost institutional, leading to a short-term price rebound.
  • Bitcoin is supported around $55,000 but must break the $60,000 resistance for a rally. 
  • RSI and reversal indicators hint at potential bullish momentum.

Digital asset research firm 10x Research suggests that the impending SEC approval of Ether ETFs could trigger a price rebound.

According to the firm, six applicants for spot Ethereum ETFs recently submitted updated S-1 forms, sparking speculation of imminent approval by the SEC. This approval could increase institutional investment in Ethereum and the broader cryptocurrency market.

Moreover, the resulting positive sentiment and speculative buying could potentially contribute to a short-term price rebound. Additionally, market commentators expect a weaker US CPI (…

The post Ethereum ETF Filing Fuels Bitcoin Optimism Amidst Market Volatility appeared first on Coin Edition.