Structural logic and price prediction of Ethereum ETF approval
There are two major narratives in the crypto market. First up, Bitcoin. Followed by Ethereum, and Ethereum may explode in 2024.
![image JinseFinance](https://image.coinlive.com/24x24/cryptotwits-static/9e021fa1f8e48e84c05a9c950c3e45dd.png)
There are two major narratives in the crypto market. First up, Bitcoin. Followed by Ethereum, and Ethereum may explode in 2024.
APT is trading inside a descending parallel channel.
Daily RSI for SOL has remained below the neutral 50-level for most of the last month indicating a higher sell-side pressure in the market.
While a classic technical indicator could be hinting at BTC price falling below $13,000 as well.
2022 is off to a rocky start for bitcoin, with investors grappling with rising inflation, geopolitical tensions and fears that the Federal Reserve may tighten monetary policy.