Ethereum (ETH) has faced significant volatility this week, plunging 19.1% amid a mix of regulatory uncertainty and broader market weakness. The latest blow came as the U.S. Securities and Exchange Commission (SEC) once again delayed its decision on approving options trading for Ethereum ETFs.
The move has raised concerns among investors, as it marks the third postponement, extending the review period by another 60 days to April 9.
With institutional inflows remaining strong but technical indicators signaling bearish pressure, Ethereum is at a crossroads—will it rebound or continue to slide?
SEC Delays Ethereum (ETH) ETF Options Approval Again
The SEC’s decision impacts major financial firms, including Bitwise, Grayscale, Ethereum Mini Trust, and BlackRock, all seeking to introduce ETH ETF options. The regulator cited the need for additional time to assess the proposed rule change and gather public input.
Despite the delay, Ethereum ETFs have continued to attract investment. According to data from SoSoValue, spot Ethereum ETFs recorded five consecutive days of net inflows, pushing total investments beyond $3 billion.
Ethereum ETFs Daily Flows. Source: SoSoValueThis sustained demand highlights institutional confidence in Ethereum, even amid regulatory hurdles and short-term price fluctuations.
Why Ethereum (ETH) ETF Options Matter
ETF options provide investors with the ability to hedge risk, manage exposure, and speculate on price movements within a fixed timeframe. Currently, Bitcoin ETFs already have options trading approval, making Ethereum the next logical step.
Analysts argue that introducing Ethereum ETF options could boost institutional adoption, improve market efficiency, and provide greater liquidity. However, the delay has sparked speculation that the SEC’s pending leadership changes may be influencing the decision.
Bloomberg ETF analyst Eric Balchunas suggests the delay may be linked to the potential replacement of SEC Chair Gary Gensler with Paul Atkins, a more crypto-friendly nominee. If confirmed, Atkins’ appointment could lead to a shift in regulatory stance.
While near-term uncertainty remains, the broader long-term outlook for Ethereum adoption appears positive. Institutional players are increasingly incorporating ETH into their portfolios, and once ETF options gain approval, the market could see a significant boost in demand.
Ethereum’s Technical Outlook: Bearish Sentiment Dominates
Ethereum continues to struggle, trading at $2,610.87, down 0.20% in the last 24 hours and 19.1% over the past week. The cryptocurrency faces persistent selling pressure, with key technical indicators signaling further downside risks.
The 50-day Exponential Moving Average (EMA) at $2,737.43 is acting as strong resistance, preventing a sustained rebound. ETH is grappling with a downward trendline at $2,643, which aligns with the 38.2% Fibonacci retracement level. A decisive break above this zone could spark a relief rally toward $2,795 and $2,946. On the downside, immediate support lies at $2,457, with deeper retracement levels at $2,314 and $2,152.The 4-hour chart displays a lower-low candlestick pattern, a bearish signal suggesting continued weakness. If ETH fails to reclaim the 50-day EMA, the downward trajectory remains intact.
With Ethereum facing price uncertainty and regulatory delays, investors are turning to alternative crypto opportunities with high-growth potential—one of the standout choices being Best Wallet Token ($BEST).
Best Wallet Token ($BEST): A Smarter Way to Manage Crypto
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What sets Best Wallet apart?
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Why Investors Are Bullish on $BEST:
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Currently priced at $0.0239, $BEST is on track for its next price increase, offering early investors a significant advantage. As Ethereum navigates regulatory hurdles, Best Wallet Token presents a compelling alternative for those seeking high-yield crypto investments.
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