Analysis: Even if the spot Ethereum ETF is approved, the altcoin season has not yet arrived
Despite the U.S. Securities and Exchange Commission (SEC) having approved several Ethereum ETF 19b-4 spot trading applications, and despite Ethereum and numerous digital assets experiencing double-digit increases in the past week, the much-anticipated altcoin season has not yet arrived. In fact, according to the Altcoin Season Index, the likelihood of this season occurring has decreased over the past 30 days.
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
Australian Dollar holds above 0.7050 as hot CPI boosts RBA hike bets
Commodity cost headwinds increase to 2.5 billions USD, Ford Motor (F.US) sees core profit edge up 4% against the trend in Q3 and raises its annual guidance lower limit
Ford's Q3 adjusted EPS exceeded expectations by 20%, and the company raised the lower end of its full-year profit guidance to $10.5 billion; however, revenue slightly missed expectations, causing shares to fall nearly 2% after hours.
Crypto prices
More
