Andrew Kang: It is expected that the upward movement of ETH will be limited to $3600
News on July 8, Andrew Kang from Mechanism Capital posted on X saying: "ETH USD is slightly lower than my estimated lower limit. This may be due to the impact of Germany + Mt Gox selling/concerns + ETF launch delay. Given that we have sold so much, ETH might rebound after the ETF approval, but the upward space is expected to be limited to $3600."
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