After the approval of the SEC forms of 19B-4, at the request of the Sports Ethereum-ETF, the base asset sank by 7.5%-from $ 3950 to $ 3650.
For a short time, cryptocurrency fell below $ 3500. By the time of writing, the ETH rate was restored to $ 3710.
The head of the Cryptoquant Research Department Hulio Moreno noted that the market has probably already taken into account the decision of the regulator in the price of the asset.