ETH to spike post halving, ETF denial would not ‘be bearish’ — Analysts
Crypto researcher Jupiter Zheng believes that the Ethereum ETF decision may not have a large impact on open interest as the market is not “betting hard on it."
Crypto analysts are betting that Ether (ETH) price could see a significant upswing within months after the Bitcoin halving despite being down 11.39% over the past 30 days, based on historic data.
One researcher also thinks that a potential ETF denial won’t necessarily lower prices.
“If the ETF is denied, it will not be that bearish as the market is not pricing in it yet, and we still have BTC ETFs as the entrance for traditional funds,” Hashkey Capital head of Research Jupiter Zheng told Cointelegraph.
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