Ethereum could take off: Is the approval of the ETF coming soon? 🚀
The crypto market is moving strongly again after new rumors that the SEC could officially approve Ethereum spot ETFs in the coming weeks.
🔎 What is happening?
BlackRock, Fidelity, and other giants have updated their 19b-4 and S-1 filings with the SEC.
Analyst James Seyffart (Bloomberg) increased the approval odds to 90% for this quarter.
Institutional volume in ETH increased by 21% this week (data from IntoTheBlock).
📈 What does this mean for the price?
If the ETF is approved, Ethereum could break the key resistance at $3,800 and aim for $4,200–$4,500.
Similar to what happened with BTC after its ETF: it rose +70% in 6 weeks.
🎯 Important technical levels:
Strong support: $3,400
Key resistance: $3,800
Bullish projection (if approved): $4,200 – $4,500
💬 What do you think? Are you accumulating ETH before the ETF or waiting for confirmation?