Hashkey Capital’s Jupiter Zheng believes that Ethereum is not priced in on approval of a spot Ethereum ETF yet.
Crypto researcher Jupiter Zheng believes that the Ethereum ETF decision may not have a large impact on open interest as the market is not “betting hard on it.") price could see a significant upswing within months after the Bitcoin halving despite being down 11.39% over the past 30 days, based on historic data.
He explained that an approval could trigger a surge in short liquidations, potentially driving up the price further. Ether has seen $16.10 million in short liquidations and $39.13 million in long liquidations over the past 24 hours. Source: CoinGlass
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