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🔥 $ETH and $SOL Staking ETFs Could Be Approved in June! 🔥
📈 According to a Bloomberg analyst, Ethereum and Solana-based Staking ETFs may be approved much faster than usual because: ✅ They skip the 19B-4 process ✅ Which means approval could come within weeks!
📄 As per a recent filing, 💼 The ETFs will become effective "immediately upon filing" under paragraph (b), skipping the long approval timeline.
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💡 What does this mean? ✅ Big institutional money can start flowing into ETH & SOL ✅ Massive new liquidity could hit the market ✅ Prices may pump hard!
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Technical Summary: – Price is consolidating between Bollinger Bands – MACD shows slight bearish pressure – High chance of breakout or breakdown, trade accordingly
Trading Plan: Watch the $1,818 – $1,849 range carefully. React on breakout or breakdown with proper risk management.
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Timeframe: 4H / 1D Current Price: $97,000.01 (+0.45%) Market Trend: ⚠️ Neutral to Bearish
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1. SELL Setup (Short Opportunity)
1️⃣ If price gets rejected around 96,989.30 2️⃣ Target: 96,359.08 3️⃣ Stop-Loss: 97,895.68
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2. BUY Setup (Long Opportunity)
1️⃣ If price breaks above 97,619.52 with strong volume 2️⃣ Target: 97,895.68 3️⃣ Stop-Loss: 96,184.19
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3. Key Technical Points
1️⃣ MACD: Bearish, but crossover may come soon 2️⃣ Volume: Weak (low buying/selling pressure) 3️⃣ Bollinger Bands: Price near middle – can go either direction
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4. Profit & Risk Tips
1️⃣ Take-Profit:
Scalping: +1.5%
Swing: +3% 2️⃣ Note: Watch for news or BTC mining-related volatility