Morgan Creek Capital Management founder and CEO Mark Yusko stated that the probability of the U.S. Securities and Exchange Commission (SEC) approving an Ethereum spot ETF this year is less than 50%. Considering SEC Chairman Gary Gensler's remarks, it seems that the U.S. financial authorities are still keeping their distance from virtual assets. Yusco mentioned that one reason why it's difficult for an Ethereum spot ETF to be approved is that the SEC classifies BTC as a commodity, but considers Ethereum as a security.

Market Analysis:

BTC: On the 4-hour chart, the price continues to oscillate near the middle track of the Bollinger Bands.

On the daily chart, the price remains constrained by the moving averages, but there is also support from the moving averages below, and the overall trend is still positive.

In summary, the support level is at 42700, and the resistance level is at 43000.

ETH: On the 4-hour chart, the price retraced to the middle track of the Bollinger Bands, and breaking through it would signal the next retracement. The support level is at 2540, and the resistance level is at 2560.

LTC: On the 4-hour chart, the price continues to stay below the middle track of the Bollinger Bands, showing a weaker trend. The support level is at 68, and the resistance level is at 70.

BCH: On the 4-hour chart, the price retraced to the lower track of the Bollinger Bands, with the support level at 240 and the resistance level at 260.

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