Trump’s pro-crypto comments could drive ETH higher
QCP Capital noted that ETH rose from 3,810 to 3,940 during the Asian open, possibly due to Trump’s pro-crypto comments over the weekend, Wu said. Market participants appear to be expressing bullish sentiment towards ETH rather than BTC, especially on potential institutional demand after the ETH spot ETF began trading. While we are structurally bullish on ETH, we won't see a major breakout until we get a clearer picture of the S-1 approval and get some inflow data.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Crypto journalist: US officials will continue key negotiations today on the "Crypto Market Structure Bill"
Machi Big Brother's 25x long position on ETH was partially liquidated
The US Senate is close to a final vote on CFTC and FDIC crypto regulatory officials
BTC surpasses $91,000
Trending news
MoreCrypto prices
More
