Will the SEC "release" the Ethereum ETF tomorrow? If it is rejected, how big is the risk of a pullback?
Because of a rumor, Ethereum has achieved the largest increase in 18 months, and market sentiment has also driven Bitcoin to stand on the integer level of 70,000 US dollars again. However, the SEC will make a final decision on VanEck's application before May 23, and the result of this application will directly affect the resolution of other applications.
Many people will worry whether it is a "dog dealer" who deceives us? After all, it has been bloodbathed many times before. If it is rejected, how big is the risk of a pullback?
It can be divided into two situations:
First, if it is passed, there will be two results:
One is that Ethereum will continue to rise, and it is expected to have a 30-40% increase. Breaking through the previous high is not a problem. Compared with Bitcoin, which broke through the previous high of 69,000 in March, Ethereum's 4868 is still a long way off.
Second, the good news is bad news, and a pullback begins. Looking back at the week after the Bitcoin spot ETF was passed, it also experienced a pullback. I think this probability will be greater, at least more than 50%.
Second, if it fails and is rejected, the expectation is gone, and there will definitely be a big callback
