Summary
- Ethereum (ETH) experienced price volatility due to anticipation of spot Ethereum ETFs approval in the U.S.
- Despite a dip to around $3,700, key indicators suggest a short-lived decline and an upward trajectory for Ethereum.
- Rising open interest in ETH futures and trading volume point towards potential future price growth.
- Bullish traders face liquidations, with the $4,000 milestone being a solidifying point for bearish positions.
