“Re Eth ETF approval, we are holding the line at 25% odds altho tbh it is a very pessimistic 25%. The lack of engagement seems to be purposeful vs procrastination. No positive signs/intel anywhere you look. Personally hope they do approve it but it just ain’t looking good.”

The first approval window for ETH-spot ETFs is in May.

Technical Analysis

Bitcoin Analysis

BTC hovered well above the 50-day and 200-day EMAs, sending bullish price signals.

A BTC breakout from the Tuesday (March 26) morning high of $70,228 could give the bulls a run at the March 14 ATH of $73,808. A return to the ATH would bring the $75,000 handle into play.

On Tuesday, SEC-related chatter and BTC-spot ETF market flow data need investor attention.

Conversely, a break below the $69,000 support level could signal a drop to the $64,000 support level.

The 14-Daily RSI reading, 59.46, suggests a BTC move to the ATH $73,808 before entering overbought territory.