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ETH to Drop Further ๐Ÿ“‰; Clouds โ˜๏ธ & Rain On the Horizon ๐ŸŒง๏ธ

SEC postpones yet another decision on a spot Ether ETF application ๐Ÿ™„

The Securities and Exchange Commission (SEC) has postponed its decision regarding the application of Invesco Galaxyโ€™s spot ETH ETF to July 5.

The US regulator had already delayed its decision regarding Van Eckโ€™s similar application to May 23 and that of Franklin Templetonโ€™s to June 11. Few analysts expect an approval on these three dates.

The price of Ether dropped 3.37 percent to $2,947 over the past 24 hours. ATTMO forecasts clouds and rain for the next 24 hours and 7 days, signaling a likely downside for Ethereum.

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