Hot info:
1. The U.S. SEC requires trading platforms to speed up the update of the 19B-4 filing of the spot Ethereum ETF;
2. Bloomberg ETF analysts said:#ETHspot ETF approval rate increased from 25% to 75%;
3. The BTC/ETH exchange rate made a major counterattack, stimulated by ETH, leading the entire altcoin to break out;
4. Binance starts public recruitment for listing coins, the rhythm of bull market!
5. PYTH crashed the market before unlocking, and pulled up the market after unlocking! God-level banker!
The plot finally came true, but two days earlier. The previous article was talking about a plot reversal, two points:
1. The last approval date for ETH spot ETF is May 23. The market speculation is not passed and ETH continues to weaken. This is a reverse sentiment, and the main force has completed the accumulation of funds against human nature.
2. The ETH/BTC exchange rate continues to hit new lows, which is another reverse extreme, indicating that there is no construction without destruction, and things will turn into the opposite extreme!
friendly reminder:
Ethereum has seen a surge due to the expected increase in ETF approval.
It is quite unusual for the SEC to act in this way at this critical time. There must be something wrong when things are unusual.
What will happen if the SEC rejects the Ethereum ETF the day after tomorrow? Have you ever thought that Ethereum might be directly rejected?
It even caused the collapse of altcoins.
This possibility does exist, so everyone should be prepared.
My suggestion is: keep long-term positions unchanged, and move short-term positions to take profit.
I personally think that the possibility of the SEC approving the Ethereum ETF is still very low. After all, it is not even clear whether it is a security, especially Grayscale’s withdrawal of its application, which indicates that the possibility of approval is not high. Even if it is approved, it is estimated that the time when BlackRock applied is more reasonable.
