TechFlow news: The SEC has delayed its decision on spot Ethereum ETF options to November 10–11, nearly two months later than originally expected. As a result, Polymarket shows 85% of bets now favoring ETH not reaching a new all-time high in 2024, up from a week ago.
Technically, ETH may be entering a distribution phase between buyers and sellers, with RSI overbought and short-term selling pressure likely. Analysts expect traders may take profits before a potential drop toward $2,500.
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