$ETHs ETF started trading on the market today and is up +1% now but had a strong rally leading up to this point, so it remains to be seen whether this catalyst is now factored in.
The price has tested the 50 Day MA from above 4 times now over 4 days and has held each time, so this is a positive sight.
I have no issue if it comes down to test the white fib levels, especially the 0.38 Fib at $3280 before going higher.
Ultimately I believe this can reach its ATH line with ease at $4872 and possibly by the end of this year, which is why I have been adding and in profit now on this position.