Morgan Stanley: Spot Ethereum ETF Filing
Morgan Stanley files for spot Ethereum and Solana ETFs as ETH trades at $1870.48 with bullish EMA50 support at $1788.98 on 4h chart.
SourceAnalysis
Morgan Stanley filed for spot Ethereum and Solana ETFs, marking another major bank entry into crypto products.
ETH holds a bullish trend above EMA50 at $1788.98 and EMA200 at $1756.03 while MACD shows a golden cross at 21.05; price tests upper Bollinger resistance near $1886.27 with RSI at 66.38, suggesting a potential pullback to the 50-EMA before continuation. Spot Ethereum ETF approval and Solana ETF launch momentum could drive further institutional flows into BTC pairs.
CoinDesk
@CoinDeskDelivers comprehensive cryptocurrency news and analysis, covering blockchain developments and global digital asset markets through professional journalism.