Polygon (MATIC) on-chain signal on Friday is hinting at a potential buy opportunity as many expect that the Ethereum (ETH) scaling solution may see a rally in the coming weeks following spot ETH ETF approval.
Over 81% of
signals good buy opportunity Following the approval of spot ETH ETFs, many expect Ethereum-based ecosystem cryptocurrencies to rise in the coming weeks. For example, several DeFi and Layer 2 tokens, including Polygon , Uniswap , Lido DAO , Arbitrum , and Optimism , posted double-digit gains in the buildup to ETH ETF approval. With the ETFs approved, expectations are that these tokens will rally alongside ETH.
's current price presentsa potential buy opportunity. signal summary However, retail investors must exercise caution as
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