Andrew Kang: It is expected that the upward movement of ETH will be limited to $3600
News on July 8, Andrew Kang from Mechanism Capital posted on X saying: "ETH USD is slightly lower than my estimated lower limit. This may be due to the impact of Germany + Mt Gox selling/concerns + ETF launch delay. Given that we have sold so much, ETH might rebound after the ETF approval, but the upward space is expected to be limited to $3600."
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Goldman Sachs, BofA, and 19 other banks plan to jointly launch a US dollar stablecoin
NXP Semiconductors secures USD 250 million EIB loan facility for Malaysia back-end expansion
Pentair signs USD 1.4 billion term loan facilities to fund Taco acquisition
Crypto prices
More
