ETH to Drop Further 📉; Clouds ☁️ & Rain On the Horizon 🌧️

SEC postpones yet another decision on a spot Ether ETF application 🙄

The Securities and Exchange Commission (SEC) has postponed its decision regarding the application of Invesco Galaxy’s spot ETH ETF to July 5.

The US regulator had already delayed its decision regarding Van Eck’s similar application to May 23 and that of Franklin Templeton’s to June 11. Few analysts expect an approval on these three dates.

The price of Ether dropped 3.37 percent to $2,947 over the past 24 hours. ATTMO forecasts clouds and rain for the next 24 hours and 7 days, signaling a likely downside for Ethereum.

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