Ethereum (ETH) is up over 3% on Friday, following moves from institutions and investors ahead of a potential spot ETH ETF launch on July 23.
Grayscale lowered its Ethereum Mini Trust fees to 0.15% in a bid to reduce potential outflows from ETHE when ETH ETFs go live. Galaxy Digital increased its staked Ethereum assets to $3.3 billion after acquiring CryptoManufaktur, reveals CoinDesk. Bull flag strengthens predictions of ETH rallying above key resistance. Ethereum is up over 3% on Friday, following moves from institutions and investors ahead of a potential spot ETH ETF launch on July 23.
ETH technical analysis: Ethereum's bull flag strengthens rally thesis Ethereum is trading around $3,500, up 3.4% on the day. ETH traders have seen $27.35 million worth of liquidations in the past 24 hours, with long and short liquidations accounting for $15.24 million and $12.11 million, respectively. ETH appears to be taking the shape of a bull flag, as seen in the chart below.
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