๐Ÿš€Hey BTC enthusiasts! ETH may have lost 11% in the past six days, but guess what? 89% of ETH holders are still in profit! ๐ŸŽ‰ IntoTheBlock reveals that the biggest potential on-chain sell volume is at $3,700, where over 991,000 addresses acquired 4.35 million ETH.

๐Ÿ“ˆThe ETH price outlook is mixed: it could soar past $4,000 to record a new high in the coming weeks, or a further plunge could lead it below $3,000. Analysts believe ETH could find support around the $3,500 region and initiate a fresh rally. However, a continued decline could push its support level to the $3,181 and $2,966 levels.

๐Ÿ”ฅOne major factor that could propel a surge in the coming weeks is the approval of spot Ethereum ETFs from the SEC. The agency has delayed its decision on several applications for the products until May 23. Asset manager VanEck believes spot Ethereum ETFs could become bigger than their Bitcoin counterparts if the SEC greenlights their launch.

๐ŸฆStandard Chartered Bank recently predicted that ETH could be worth $8,000 by the end of 2024 and $14,000 by 2025. So, keep an eye on ETH's exciting journey! ๐ŸŒŸ