Ethereum

Ethereum [ETH] began trading in the green on July 9 following the filing of amended registration forms for Ethereum spot exchange-traded funds (ETFs) in the U.S. by various issuers, including Grayscale. The SEC is expected to review and provide guidance on the final listing process. Grayscale plans to list its Ethereum Trust (ETH Trust) on NYSE Arca pending approval and distribute shares on July 18. The launch of the ETH Trust could mark the debut of spot Ethereum ETFs in the U.S. market. Etherium briefly tested support around $2,800-$2,850 before rising above $3,000. Bullish signs include a W-shaped double bottom pattern and long wick candles at the critical support zone, indicating seller exhaustion and a potential upward trend reversal.