- In the last two weeks, investors have pulled out $120 million from ETH-focused investment products.
- Ether spot ETF launch timeline has been moved after the SEC asked issuers to resubmit amended S-1 drafts.
Ethereum [ETH] was trading at around $3,448 on the 2nd of July, barely unchanged in the last few hours but in conformance with the generally positive July narrative.
In the meantime, ETH bulls targeted fresh heights above $3,450 and were betting on upside potential from the hype around Ether spot exchange-traded funds (ETFs).
Source: ETH/USDT, TradingView
The new products, expected to debut in the U.S. later this month, could help propel ETH/USDT above the $3,630 resistance, where it was rejected on the 17th of June.
Bullish speculators suffered mild losses on the 1st of July after Ethereum failed to sustain momentum above $3,520.
ETH attempted to break out from the descending channel on the 4-hour timeframe chart overnight…
