#ETHETFsApproved #ETH #altcoins
ALERT!!

So now $ETH is going down after failing to breakout from the Resistance area (4000-4100). now traders seem to be worry, wondering if this is a true rejection or will it be able to break it? let's discuss this in more details.

As you know, ETF has been approved by the SEC, but only another step left and it will be approved in the next few days after the final adjustments of the S-1S.
before that happen, ETH (biggest altcoin) and most of the altcoins will pump hard as whales know exactly that this kind of news push the traders hard to go long or hold their coins in spot.

After #BTCHalvingApril2024 the market always goes down, but this year is different, don't expect that #BTC will drop 60-70% (like those who missed the opportunity trying to share), know that's impossible. it had already dropped about 27% and it won't break the 50k, means that it still bullish.

Ethereum is acting these days only better than BTC because of the strategies and developing they are making that gains a lot of trust among traders+ETF approval (will be discussed in another post)

Now, Ethereum will drop a little to accumulate more buyers who will hold their coin to see it reaching its major resistance line (ATH), sure it will break the 4000 in the next few days or the ETF will not gain the trust of traders in the stock market as the BTC did.

Conclusion:
should buy, hold, or sell my ETH?
it is better know to buy or hold not to sell, and never sell on a loss if you trade spot. The whole market is going up, doing a little correction then go more higher why should you go through the opposite way?
Ethereum will do a small correction and at any point it will go at this time to pump breaking the 4000 and then we will post for the update.
if your are going to buy, this is the correct time. NOT A FINANCIAL ADVICE DYOR.

Remember:
1-whale always try to get the coins on a cheap price from the weak hands (FOMO, Scared) to sell it in a higher price.
2-only fools who look for the dip to buy (you may not catch it, or you may fall into a false dip).