TechFlow reports that on-chain analytics firm CryptoQuant has warned of potential Ethereum price volatility should the pending spot Ethereum ETF face uncertainty. If the U.S. SEC rejects the ETF application or delays the approval process, ETH could experience a "significant price adjustment."
In addition, high exchange inflows may cause ETH price fluctuations in the coming days. Amid rumors surrounding the pending approval of spot Ethereum ETFs, exchange inflows have reached 62,000 ETH—the highest level since March. Traders, anticipating a rise in ETH prices, have actively opened long positions in the futures market, creating upward price pressure. This has driven open interest in ETH from 2.8 million ETH to 3.2 million ETH, reaching its highest level since January 2023.
