Ethereum's (ETH) price movement on Monday reveals traders' uncertainty following Grayscale CEO's departure and expectations that the Securities & Exchange Commission (SEC) would deny applications for spot ETH ETFs this week.
Ethereum ETFs may not see approval as SEC may slow play S-1s. Grayscale CEO confirms resignation with only a few days left before SEC decides on spot Ethereum ETFs. Ethereum may test key support levels if spot ETH ETFs are denied. Ethereum 's price movement on Monday reveals traders' uncertainty following Grayscale CEO's departure and expectations that the Securities & Exchange Commission would deny applications for spot ETH ETFs this week.
ETH technical analysis: Ethereum may test key support levels Ethereum is trading near $3,083 on Monday, seeing a slight correction from its weekend peak of $3,147. With the SEC's decision on Van Eck's spot ETH application coming on Thursday, investors should watch out for high volatility. The $3,029 support may prove key in the next few days before the event. A dip below the support indicates a high bearish sentiment from expectations that the SEC will deny the application.
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