Andrew Kang: The upward potential for ETH is expected to be limited to $3600

ChainCatcher message, Mechanism Capital co-founder Andrew Kang posted on X: "ETH is slightly below the lower bound of my estimated range in dollars. This may be due to the impact of the Germany + Mt Gox sell-off/worries + ETF launch delays. Given that we have sold so much, ETH could potentially see a relief rally after the ETF approval, but the upside is expected to be capped at $3600."