In the past few days, the market generally believes that the Ethereum ETF will not be approved. However, yesterday the SEC asked the exchange to speed up the update of the 19B-4 document on the spot Ethereum ETF, which indicates that the SEC may approve the Ethereum ETF. The probability of approval has increased from 25% to 75%. If approved, ETH is expected to break through $5,000. Therefore, many people in the market have begun to actively build ETH positions.

Regarding the approval process of the Ethereum ETF, there are two levels to pass: 19B-4 and S-1. 19B-4 looks like it may be approved this month, while the approval of S-1 may take weeks to months. But no matter when it is approved, the point is to get approval, and the existence of expectations has had a positive impact on the market.

In addition, yesterday the Fed’s official website said that it did not see any reason to raise interest rates, which was also seen as good news. US spot ETF funds continue to pour into the market, purchasing 3,077 BTC.

Judging from the on-chain data, BTC in the exchange continues to be bought out, and the inflow of stablecoins is not much.

Current strategy recommendations:

1️⃣ It is recommended to patiently hold the value coins in hand.

2️⃣ For altcoins with over-full positions, you can take profit first and wait for a pullback opportunity before entering the market, but it is not recommended to be completely empty. Wait

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