New Bloomberg assessment
Ethereum is pumping today, breaking the falling wedge chart pattern, trading currently at about $3500. Also Bitcoin is rising back to 70k area.
Background of the bullish price action is a tweet by Bloomberg analyst Eric Balchunas that he and his team are now giving it a 75% probability that the SEC will approve a Spot Ethereum ETF this week!
Bullish news since these guys are really into the topic and where already correct with predicting the Spot Bitcoin ETFs approval earlier this year.
This will get very exciting towards end of the week! The deadline expires supposedly on Thursday…
