ETHEREUM — 4k Pre-Announcement Pump — 5k Next Stop?

Ethereum woke up and seems to be ready for a pre-announcement pump.

I would assume that $ETH challenges the 4k level before an announcement about the #ETHETFS is made today.

The big questions of course is, what will happen after the announcement. Let's have a look:

Option 1️⃣ - The ETF won't be approved. In this case we can assume a massive drop to 2.6-2.5k. However, I think it will quickly recover and we end the day at 2.8-3k.

Option 2️⃣ - The ETF gets approved. As mentioned yesterday, I don't expect a sell the news event. Since an approval was unlikely until a couple of days ago it is also unlikely that the price already reflects a possible approval.

Therefore, we will see volatility but imho to the upside.

I would go as far as saying that ETH would tackle the ATH shortly after an approval (probably today).

So, let's see what the day will bring, lean back and enjoy the show!