TechFlow news: Matrixport released a chart today indicating that the approval of Ethereum ETFs appears imminent, based on S-1 filings submitted to the SEC. Although Ethereum's price has pulled back since May 20, 2023, market positioning for ETH remains bullish.
Long positions have increased from 2.7 million ETH to 3.1 million ETH, suggesting futures traders are anticipating the approval of ETH ETFs—a sentiment not yet reflected in the spot price. This time, the market may avoid a "sell the news" event.




