ETFapproval
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An Ethereum ETF (Exchange-Traded Fund) approval could mark a significant milestone for the cryptocurrency market. Unlike traditional ETFs that track stocks or commodities, an Ethereum ETF would track the price of Ethereum, allowing investors to gain exposure to the cryptocurrency without actually owning it.
The approval of an Ethereum ETF could lead to increased mainstream adoption of Ethereum as an investment asset, as it would provide a regulated and easily accessible way for institutional and retail investors to invest in the cryptocurrency. This could potentially lead to a surge in the price of Ethereum, similar to what was seen with the approval of Bitcoin ETFs in some jurisdictions.
However, there are also risks associated with an Ethereum ETF approval, including potential regulatory challenges and market volatility. Overall, the approval of an Ethereum ETF could have far-reaching implications for the cryptocurrency market and the broader financial industry.
#HotTrends #Ethereum #ETF #cryptocurrency #investing #ETFapproval e #blockchain #digitalassets #ETFapproval #cryptomarket #investmentopportunity
The approval of an Ethereum ETF could lead to increased mainstream adoption of Ethereum as an investment asset, as it would provide a regulated and easily accessible way for institutional and retail investors to invest in the cryptocurrency. This could potentially lead to a surge in the price of Ethereum, similar to what was seen with the approval of Bitcoin ETFs in some jurisdictions.
However, there are also risks associated with an Ethereum ETF approval, including potential regulatory challenges and market volatility. Overall, the approval of an Ethereum ETF could have far-reaching implications for the cryptocurrency market and the broader financial industry.
#HotTrends #Ethereum #ETF #cryptocurrency #investing #ETFapproval e #blockchain #digitalassets #ETFapproval #cryptomarket #investmentopportunity
#bitcoin Update
After yesterday's false start, Bitcoin's long anticipated #ETF is finally here. However, it remains to be seen whether this #ETFapproval will be bullish or not.
In the long-term, definitely.
Price action over the next few weeks/months is likely bearish. As mentioned before, I'm expecting a short swift pump towards 48,000$ before hitting two major resistances and dump.
Reasons for this bearish view:
- Strong pump into news. Buy the rumor, sell the news?
- Top resistance of the channel
- 48k resistance, last major resistance before the ATH.
- The ETF approval is a perfect bull-trap for retail traders. Whales have already bought their Bitcoin's in the last year.
The bottom support of the channel seems like a decent bearish target. Potentially even 30k.
I will switch from bear to bull if we can get a weekly close above 50k. This indicates that the 48k resistance has been broken and will decrease the probability of a fake out. Happy to be proven wrong.
For now, be careful for high volatility.
Binanace awards are live kindly vote for me,
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#beyoglu #btc
After yesterday's false start, Bitcoin's long anticipated #ETF is finally here. However, it remains to be seen whether this #ETFapproval will be bullish or not.
In the long-term, definitely.
Price action over the next few weeks/months is likely bearish. As mentioned before, I'm expecting a short swift pump towards 48,000$ before hitting two major resistances and dump.
Reasons for this bearish view:
- Strong pump into news. Buy the rumor, sell the news?
- Top resistance of the channel
- 48k resistance, last major resistance before the ATH.
- The ETF approval is a perfect bull-trap for retail traders. Whales have already bought their Bitcoin's in the last year.
The bottom support of the channel seems like a decent bearish target. Potentially even 30k.
I will switch from bear to bull if we can get a weekly close above 50k. This indicates that the 48k resistance has been broken and will decrease the probability of a fake out. Happy to be proven wrong.
For now, be careful for high volatility.
Binanace awards are live kindly vote for me,
Each person can vote for 8times daily by following the 5 creators appearing below task 1 at awards page.
CLICK HERE TO VOTE
#beyoglu #btc
