Ethereum ETF is about to be listed for trading. Are you considering how to buy at the bottom? Looking back at the market trend after the Bitcoin ETF was approved, the price of Bitcoin experienced a round of skyrocketing and then quickly fell back by 20%. So, will Ethereum also experience a similar trend?
Although Bitcoin has experienced significant gains before and Ethereum has been relatively underwhelming, the market will not show mercy on its weakness. The possible trend is that after the ETF is approved, the price of Ethereum will quickly rise to around $3,800, and then sharply correct by 20%.
If this happens, then the last "golden pit" of this bull market may have really appeared. There is only one thing we need to do: enter the market decisively.
Compared with Bitcoin, Ethereum is still strong. The ETH/BTC exchange rate once broke through 0.056. The market is still in the hype period before the ETF is passed, and no one is willing to sell at this time. However, considering the huge selling pressure that may occur after the ETF is passed, short-term fluctuations are inevitable. Of course, for investors who are prepared to hold for the long term, these short-term fluctuations do not need to be too worried.
In summary, Ethereum may experience large fluctuations in the short term, but in the long term, it still has strong upside potential. Before and after the upcoming ETF listing, staying vigilant and adjusting strategies in a timely manner are the keys to successful bottom-fishing.
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