Benzinga - by The Block, Benzinga Contributor.
Ether's (CRYPTO: ETH) price action could become increasingly volatile ahead of this week's spot exchange-traded fund filing decision deadlines, analysts say. "In the lead-up to the spot ether ETF approval decision deadlines this week, we should expect heightened volatility and cautious market behavior as traders navigate uncertainties" Cobo COO Lily King told The Block. Presto research analyst Peter Chung stated in a report on Monday, "Whether it's approval or disapproval, expect ether's volatility to increase as the May 23 deadline approaches." Monday's Kaiko Research market report observes options traders crowding around calls and puts, "suggesting ether could see some volatility before the end of May."
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