In a very busy cryptocurrency agenda, such as Ethereum spot ETFs starting to be traded in the USA, Mt Gox Bitcoins being transferred to their creditors, and claims that DYDX will sell its DeFi platform, analyst Capo of Crypto shared his thoughts on the market.
il Capo first said that as long as Bitcoin price is above $65,000, he thinks the next key area is between $69,000 and $70,000. According to the analyst, if this region is broken, there may be an upward movement to the liquidity region between $ 74,000 and $ 76,000.
However, speaking after Ethereum spot ETFs started trading, the analyst said that high volatility is currently observed, but ETF approvals are a bullish event for the next few weeks. According to the analyst, the ETH chart “looks pretty good.”
In his latest statement, il Capo claimed that “a leap movement is on the way.”
ETH price saw a slight decline due to the decline in Bitcoin price as Mt Gox payments started to be transferred to customers.
*This is not investment advice.