Uniswap jumps 10.16% as Bitwise seeks SEC approval for UNI ETF

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Uniswap jumps 10.16% to $3.55 today

Highlights

Bitwise Asset Management has filed an S-1 with the U.S. SEC for a proposed spot Uniswap ETF, aiming to launch the first U.S.-based ETF directly holding UNI tokens.
The SEC is reviewing Bitwise’s application after ending its investigation into Uniswap Labs in 2025, with Coinbase Custody Trust named as custodian.
UNI trades at $3.547, well below its MA-20 ($4.4078), MA-50 ($5.2223), and MA-200 ($7.3063), reflecting persistent seller pressure despite a 10.16% intraday rebound.

ETF application fuels market speculation as SEC reviews Uniswap filing

Bitwise Asset Management has filed a Form S-1 registration statement with the U.S. SEC for a proposed spot Uniswap ETF, which would be the first U.S.-based ETF directly holding UNI tokens. The filing also names Coinbase Custody Trust Company as the proposed custodian. The SEC is currently reviewing the application following the end of its investigation into Uniswap Labs earlier in 2025.

Bearish momentum dominates as UNI tests oversold technicals

Momentum signals for UNI remain weak; the MACD is negative and points to further downside, while the ADX indicates active but not extreme trending. Oscillators show pronounced oversold conditions: RSI is at 29.89, Stochastic RSI signals a strong buy at 57.10, and the Commodity Channel Index is deeply negative. Bull/Bear Power remains negative and oversold, reinforcing short-term seller dominance, and the Awesome Oscillator confirms the prevailing bearish trend. The closest dynamic resistance is at the Ichimoku Kijun ($4.3485), with no dynamic support nearby.

Further declines favored as consolidation risk remains high

In the short term, UNI is expected to trade within a typical volatility band of $3.26–$3.59, remaining anchored near its current level. The probability of an upward move is less than 20%, favoring further decline as the base scenario. Most likely, UNI will consolidate sideways as technical signals are digested, with a bullish squeeze possible only if the price closes above the Ichimoku Kijun ($4.3485), while a break below $3.26 could accelerate downside.

Anton Kharitonov, expert at Traders Union, sees UniSwap under clear bearish pressure as it trades below all major moving averages. He notes that despite news of the proposed spot Uniswap ETF, weak momentum and persistently negative signals limit upside prospects. The analyst believes a close above the Ichimoku Kijun is needed for bulls, while further downside remains the base case. "Until UNI can reclaim $4.3485, every bounce is a short-selling opportunity for me."

Previously it was reported that Uniswap (UNI) is trading well below key moving averages and dynamic resistance, with technical indicators such as MACD, ADX, and a near-oversold RSI underscoring ongoing bearish momentum and persistent sell-side pressure. While recently elevated volatility and intraday gains suggest a fragile short-term bounce, conflicting signals from oversold oscillators and continuing bearish trend highlight the limited likelihood of a significant near-term recovery.

Source of Data: UNI Price Analysis by TU

The analysis is based on a proprietary model combining technical, on-chain, and expert data. Not investment advice. See methodology

The information is based on forecasts and does not constitute investment advice or a guarantee of future results. Market conditions may change. See our Disclaimer and Editorial Integrity for details.