Bullish or Bearish Today?
Short-Term (Today): Neutral to Bullish
ETF hype is outweighing broader market dips (Bitcoin dominance shifts). If BTC holds steady, ETH could retest $3,700.
Be aware if the risks:
Macro fears (Fed rate decisions) could pressure crypto. ETF delays = short-term pullback.
Key metrics you need to watch:
ETH/BTC Ratio: Rising = ETH outperforming Bitcoin.
About Gas Fees: Low fees = healthy L2 activity (bullish for adoption).
About Staking Yields: 3.5% APR (high staking = reduced sell pressure
Best Trade Idea:
If ETH holds $3,400: Buy for a push to $3,800.
If ETF news stalls: Watch $3,200 support.
Cautiously bullish. ETFs are the game-changer! 🚀