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CryptoQuant: If the Ethereum Spot ETF is not approved as scheduled, ETH may experience a major price adjustment
On May 23rd, on-chain analytics firm CryptoQuant warned that the price of Ethereum could fluctuate if the pending Ethereum spot ETF encounters uncertainty. It warned that ETH could experience a "significant price correction" if the SEC rejects its ETF application or delays the approval process. In addition, high exchange traffic could lead to ETH price volatility in the coming days. In rumors about the pending approval of the Ethereum spot ETF, exchange traffic reached 62,000 ETH, the most since...
2024-05-23 03:52:33
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