Coin World Report: It is expected that the United States will not approve the spot trading exchange-traded fund (ETF) linked to the price of Ethereum in May, as the recent meeting with the U.S. Securities and Exchange Commission was disappointing. Eight issuers including VanEck and ARK Investment Management have submitted applications for listing Ethereum spot ETFs. The U.S. Securities and Exchange Commission has been asked to make a decision on the proposed products by May 23rd and May 24th. However, due to lack of participation, many believe that the U.S. Securities and Exchange Commission may reject these applications.

Market Analysis:
BTC: On the 4-hour chart, the price remains oscillating near the lower Bollinger Band, showing a weaker trend.

On the daily chart, the price is suppressed by multiple moving averages, indicating a weaker trend.

In summary, the support level is at 63800, and the resistance level is at 64300.

ETH: On the 4-hour chart, the price continues to oscillate near the lower Bollinger Band, showing a weaker trend, with support at 3110 and resistance at 3140.

LTC: The price continues to oscillate below the middle Bollinger Band, showing a weaker trend, with support at 82 and resistance at 86.

BCH: The price continues to oscillate near the lower Bollinger Band, showing a weaker trend, with support at 460 and resistance at 490.

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