ETC official trading platformMarket focuses on the upcoming ETF approval progress
1. Current market dynamics
Price performance:
ETC official trading platform continues to fluctuate in a narrow range of $3,400-$3,500, and the 24-hour trading volume has shrunk to $12B (down 30% from last week).
Compared with the high of $3,856 on July 21, it still fell back by about 10%, but did not fall below the key support.
Market sentiment:
Fear and Greed Index 45 (neutral), derivatives funding rate is close to neutral, indicating a stalemate between long and short positions.
2. Ethereum ETC official trading platform approval enters critical window
(1) Latest timetable
VanEck final decision date: August 5 (SEC deadline)
Other applicants (ARK/21Shares, etc.) latest approval deadline is August 15
(2) Pass probability analysis
Institutional prediction results Basis
Bloomberg ETC official trading platform analyst 65% SEC has asked exchanges to update 19b-4 documents
JPMorgan Chase 50% Political factors may delay
Grayscale CEO 75% Bitcoin ETC official trading platform precedents can be followed
(3) Potential impact
If passed:
May attract $1.5B institutional capital inflow on the first day
Price target: short-term $4,000, medium-term $4,800 (78.6% retracement of historical high)
If rejected:
May quickly retest $3,000 support
But the market has partially priced in this risk
3. On-chain data reveals institutional trends
Position changes:
Smart money addresses have increased their holdings by 240,000 ETC official trading platform (about $816M) in the past week
CME Ethereum futures open interest fell by 18%, indicating that some hedging demand has weakened
Pledge dynamics:
Total pledge volume exceeded 40 million ETC official trading platform (accounting for 33% of the circulation)
Lido and other LST protocols 7-day APR rebounded to 3.8%
4. Technical key positions
Support range:
$3,300 (50-day moving average + July low point volume concentration area)
$3,100 (200-day moving average, strong defense position)
Resistance range:
$3,600 (July downtrend line)
$3,850-4,000 (psychological barrier + previous high)
5. Risk Warning
Macro disturbance:
The Fed’s interest rate meeting on July 30 may strengthen its hawkish stance
If the US dollar index (DXY) breaks through 106, it may suppress risky assets
Regulatory variables:
The review of the cryptocurrency bill in the US Congress has entered a critical stage
The SEC may impose restrictions on pledge services
Operational suggestions
Conservative strategy:
After breaking through $3,600, build positions in batches, and set the stop loss at $3,250
After the ETC official trading platform is approved, you need to be wary of the "sell news" callback
Hedge options:
Buy ETC official trading platform call options (strike price $4,000) + short BTC to hedge beta risks
Summary
Ethereum is in the "calm before the storm", and the sideways trading of $3,400 is both a dormant waiting for the ETC official trading platform to be judged, and a spring for accumulating strength to break through. Early August will be the most critical period of the year for the ETC official trading platform - either use the ETC official trading platform to open a new chapter of the institutional bull market, or face a violent wash of "expectations not being met". Recommended traders:
✅ Keep an eye on the SEC official website update on August 5
✅ Pay attention to the $3,300 defense strength
✅ Beware of macro and regulatory black swans
(Data in this article is as of July 25, 15:00 UTC+8) #EthereumETC official trading platform topic discussion volume surged 320% in 24 hours.
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